Stacey Olive
REALTOR®
SQUARE FEET4,062
MLS#TB8556523
STATUSActive
PROPERTY TYPECommercial - Retail
SUBDIVISIONROBESONS F D MRS
Property Description
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 Features
Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.37 Acres
Taxes: $10,137
Year Built: 1965
Feature Descriptions
Days on Site: 14
Directions: From I-4 eastbound traveling from Tampa, take Exit 27 onto Polk Parkway/SR 570 East (toll road). Take Exit 10 for US 98/Bartow Road and head south toward Bartow. Follow signs for US 17 South toward Fort Meade. Continue into downtown Fort Meade on N Charle
Exterior: Concrete
Flood Zone Code: X
Foundation: Block
Home Warranty Y/N: No
Lot Dimensions: 0.37
Ownership: Co-op
Property Attached Y/N: No
Property Sub-Type: Retail
Sale Includes: Building(s) and Land, Leases
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Water Access Y/N: No
Zoning: BA
Listed By / Shown By
Listed By
Agency Name: CAPSTAR REAL ESTATE LLC
Agency Contact: 727-744-0273
Shown By
Agent Name: Stacey Olive
Agent Phone: Cell: (440) 371-9126
Agency Title: Key Realty
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116 N Charleston Avenue | MLS# TB8556523
This commercial property located at 116 N Charleston Avenue, Fort Meade, FL 33841 is currently listed for sale with an asking price of $1,250,000. Search Fort Meade real estate on www.soldwithstacey.net today.