Cove Storage
Unpriced
73
Total Lots
FL
State
CQ1071802
BOR Number
Active
Status
About This Property
MHP Brokerage is pleased to present Cove Storage, a 73 unit self storage facility in the South Gulf Cove community of Port Charlotte, Florida. It was built in 2020, with three new buildings added in 2024. The facility has four buildings totaling 13,696 SF on a 1.55 acre site zoned Commercial General, and it is 96% occupied. The property is visible from Gasparilla Rd (CR 771), the corridor linking SR 776 to Placida and Boca Grande, and sits next to the South Gulf Cove Park public boat ramp. South Gulf Cove is a canal community with Gulf access through a county operated boat lock, close to Rotonda West and Englewood on Florida's Gulf Coast between Sarasota and Fort Myers.
Investment Highlights
- Located in the Punta Gorda metro, the 5th fastest growing metro in the U.S. from 2024 to 2025
- Charlotte County population is up 19.6% since 2020, more than double the statewide pace
- $30K+ in immediate annual upside from leasing an owner occupied warehouse
- 15,000 SF of undeveloped land inside the parcel for additional boat and RV parking or a new building
- Completed before Florida's new statewide stormwater standards, which make competing supply more costly to build
Contact the listing broker for a full offering memorandum, financials, and due diligence package.
Jennifer Stein, Broker
MHP Brokerage, LLC
FL LIC #CQ1071802
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