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1757 San Marco Rd

11,160 SF 100% Leased Retail Building Marco Island, FL 34145 $5,548,486 CAD ($497 CAD/SF) 4.50% Cap Rate

Investment Highlights

  • corner with 350 ft roadfront
  • across from Walgreens, Chase Bank, Publix grocery anchored & owned center
  • signal intersection

Executive Summary

Prime corner for long term hold with interim income and future redevelopment opportunity. 350 ft of road front on 1 acre corner at traffic light intersection across from Publix grocery (owned) center, Chase bank outparcel, Walgreens. Real estate only; does NOT include C store business. Current leases run up to 10 years, most are less than 5 so some near term upside. Multitenant. Site has gas tanks which are newer and compliant.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
11,160 SF
Year Built
1980
Price
$5,548,486 CAD
Price Per SF
$497 CAD
Cap Rate
4.50%
NOI
$249,682 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Land Acres
1.00 AC
Zoning
C3 - moderate intensity general commerical uses
Parking
36 Spaces (3.23 Spaces per 1,000 SF Leased)
Frontage
350 ft on San Marco South Barfield

Amenities

  • Corner Lot
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
57190880002
Land Assessment
$1,152,690 CAD
Improvements Assessment
$1,304,537 CAD
Total Assessment
$2,457,227 CAD
  • Listing ID: 29286946

  • Date on Market: 2023-08-16

  • Last Updated:

  • Address: 1757 San Marco Rd, Marco Island, FL 34145

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