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Gregg’s Automotive presents a rare opportunity to acquire a highly visible and well-positioned commercial property in the heart of downtown Punta Gorda. Situated on a signalized corner at Tamiami Trail N and Olympia Avenue, the site benefits from exceptional traffic exposure and steady daily vehicle counts, making it one of the most prominent locations in the area.
The property features a generously sized parcel for a downtown location, offering valuable flexibility for a variety of uses. Its proximity to the city of Punta Gorda parking garage enhances accessibility for both customers and employees, while the surrounding walkable downtown area provides immediate access to some of the area’s most popular retail shops, restaurants, and other popular venues.
Currently operating as a successful and established automotive repair business for decades, this offering presents a turnkey opportunity for an owner-user or investor to continue the existing use. Alternatively, the site’s prime location and strong visibility make it an ideal candidate for redevelopment or repositioning into a trendy downtown concept such as a boutique restaurant, bar, retail, or mixed-use space.
The listing price includes the business as well as all furniture, fixtures, and equipment (FF&E), providing added value and a seamless transition for the next owner.
This is a unique chance to secure a cornerstone property in one of Southwest Florida’s most desirable and rapidly growing downtown districts.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,100,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $880,000 | $880,000 | $880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.350% | 6.361% | 6.183% |
| Monthly Tax Payment | $417 | $417 | $417 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,276 | $5,418 | $7,426 |
| Total Monthly Payment | $5,817 | $5,959 | $7,967 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.