116 N CHARLESTON AVE, FORT MEADE, FL, 33841
$1,250,000
Commercial Sale
|
Living Area
2,562 Sqft
|
Lot Size
16,191 Sqft
|
CapStar Real Estate presents the Income-producing retail investment on US Highway 17 in downtown Fort Meade. Offered at $1,250,000, this property features a Circle K convenience store and laundromat totaling approximately 4,062 SF across two buildings on 0.37 acres. The corner location at N Charleston Avenue and 2nd Street offers highway frontage, 15 on-site parking spaces, and exposure to approximately 24,500 vehicles daily, as cited in the appraisal. Reported improvements include convenience-store renovations in 2013 and laundromat renovations in 2025.
The appraisal identifies Circle-K Stores, Inc. as the master tenant for the entire property, with the laundromat subleased to Bright Laundromat, LLC. Appraisal-reported annual rent and NOI of $73,769 indicate a 5.90 capitalization rate at the asking price, based on the appraisal’s absolute-net lease assumption. Current rent, lease term, renewal options, and expense responsibilities are subject to verification.
Sale includes the leased-fee real estate interest only. The adjacent Circle K-owned fuel parcel, canopy, tanks, and pumps are excluded. Operating businesses, tenant-owned equipment, and inventory are not included. Buyer to verify all property, financial, lease, and environmental information. Please do not disturb tenants or employees; all inquiries and showings must be coordinated through the listing agents.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8556523 | Year Built: | 1965 | |
| Construction Materials: | Concrete | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Polk | |
| Foundation Details: | Block | Listing Agreement: | Exclusive Right To Sell | |
| Property Sub Type: | Retail | Property Type: | Commercial Sale | |
| Road Frontage Type: | Access Road, City Street | Road Surface Type: | Concrete | |
| Showing Requirements: | Call Listing Agent | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
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