$380,000
( $105.56Per Sq Foot )
 $2,158 est/mo Sourced by Back At You

27300 Airport Road Row #2 , PUNTA GORDA, FL 33982

PUNTA GORDA, FL 33982

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Description

This is the listing of a 16 2/3% interest in Row Hangar No. Two, LLC which owns a 21,600 square foot hangar building divided into 6 units. The building sits on a 1.72 acre site leased from the Charlotte County Airport Authority. According to the Restated Operating Agreement, each member is granted exclusive possession, use and occupancy of the unit designated in the agreement. In this case, owner has exclusive use of Hangar Unit 2, which is a 3,600 square foot unit. The hangar unit is stubbed for a bathroom but there is no bathroom in place. The unit has been damaged by Hurricane Ian. The Charlotte County Airport Authority owns the land and leases it to Row Hangar II, LLC. The current lease commenced on June 1, 2005 and expires on May 31, 2035 being a 30 year term. The current rent is $14,250 annually for the entire building (21,600 SF). The rent is adjusted every five years with the next adjustment being on June 1, 2025. The rent will be adjusted based on a fair market value appraisal at the time. There are two renewal options of five years each. There are no real estate taxes due since the land is airport property. The tenant is responsible for maintenance of the building and land, all utilities, and liability insurance.

Details

MLS#C7478640
Listing TypeFor Sale
StyleIndustrial
Suite Number2
Sub-TypeResale
StatusActive
Year2007
Days On Site464
Listing Provided ByRIVERSIDE REALTY SERVICES LLC | Steve Gant

Features

SQ Feet3,600
ZoningECAP
Acreage1.72

Market Activity 33982

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Listings Checked: 22 seconds ago
StateFL
CountyCharlotte
CityPUNTA GORDA
Zip Code33982
Area33982 Punta Gorda
Listing VS Median (in 33982)
Price:
$380,000
low | high
Med:
$393,995
46.317105263158% of Average
SqFt:
3,600
low | high
Med:
1,801
99.972222222222% of Average
$ / SqFt:
$106
low | high
Med:
$219
57.25065022356% of Average
On Site:
464
low | high
Med:
86.000000
100% of Average
Sourced by Back At You
Listing Updated: August 2, 2023 at 12:21:36 PM PDT