Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30039060
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending/Contingent
Condo? Yes
Building Size (RSF): 5,960 SF
Gross Building Area: See Agent
Sale Price: $1,289,000
Property Use Type: Investment, Vacant/Owner-User
Building Name: SAN MARCO PLAZA
Sale Terms: Cash to Seller, Other
Last Updated: 11/12/2017

Overview / Comments

SUPPLY IS LOW AND DEMAND IS VERY HIGH IN LAKEWOOD RANCH AND EAST OF I-75 AREA! Look no further for a restaurant/entertainment/bar venue in one of the hottest locations! Sarasota-Manatee Region is 10th Fastest Growth for Population in the United States! Buyer just lost his opportunity, so his loss is your gain! Better jump on this prime spot quickly!
Rarely available existing restaurant space in the heart of thriving Lakewood Ranch, bordering Sarasota County and located just over a mile from the new UTC Mall in Sarasota, off University Pkwy and east of I-75. Situated in gorgeous San Marco Plaza, this hidden treasure is just under 6,000 SF, has ample potential to bring your restaurant/entertainment concept to life and is being offered turnkey!
In addition to the expansive indoor dining space, there is an open-patio that can be built-out to create additional seating and a unique outdoor atmosphere for additional dining or entertainment.
Imagine the possibilities! There is such an increased demand for dining and entertainment options on the east side of I-75, as well as a high volume of traffic between two major thoroughfares around the plaza. If you have a great concept/business of your own or want to bring some more nightlife to Lakewood Ranch, since the population is screaming for more!
This upscale plaza offers some of the lowest CAM fees in the area and includes water/sewer/trash, making this location even more desirable for any restaurant/bar location. Surrounded by corporate parks, hospital/medical centers, hotels, colleges, golf and country clubs, luxury apartments/condominiums/townhouses, residential communities, movie theaters, LWR Main Street
This plaza is very unique and an ideal opportunity for an owner/user to purchase.
The space is already completely built-out inside, ready to go, with state-of-the-art equipment and a fully operational restaurant.
(Please do not speak to any of the employees)

Adjoining property can be purchased separately, if you need additional square footage.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 587936359
Is Condo?: Yes
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: University Pkwy and Lakewood Ranch Blvd
Property Visibility: Excellent
Largest Nearby Street: Town Center Pkwy and University Pkwy
Highway Access: San Marco Plaza is just over a mile from The Mall at University Town Center (UTC), just east of I-75 and University Pkwy, exit 213 east.
Airports: Sarasota Bradenton International Airport - 7.4 Miles
Site Description: Mediterranean architectural design inspired by Piazza San Marco in Venice, Italy. Sophistication and charm, inspired by the image of St. Mark's Square of Venice, Italy, with a clock tower in the center of the plaza. This is the St Armand's Circle of Lakewood Ranch!
Area Description: This location is walking distance from Lakewood Ranch Medical Center, LWR Main Street, other local attractions, near hospital, movie theater, hotels, colleges/schools, corporations and more. Upscale area, great demographics, with Golf & Country Clubs, Polo Club, family-oriented communities, luxury condos/apartments/villas, equestrian properties and much more. The Lakewood Ranch area is booming with new businesses and residents being added daily! Award winning Lakewood Ranch is one of the best-selling and largest master-planned communities in America.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,960 SF
Property Condition: Excellent
Year Built: 2007
Roof Type: Flat
Construction/Siding: Block, Concrete, Stucco
Exterior Description: Barrel tile rooftop, arches, paver brick walkways, concrete block, stucco, wrought iron railings and mediterranean design, two story
Parking Type: Surface
Sprinklers: Other
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Other
Interior Description: Over 150+ seats and state-of-the art restaurant equipment, turnkey
Zoning Description: Commercial Retail, Restaurant, Entertainment, Event Venue
Water Service: Municipal
Sewer Type: Municipal
Legal Description: UNIT 14 SAN MARCO PLAZA CONDOMINIUM PI#5879.3635/9

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,626 33,768 103,246
Median Age: 42.45 53.94 49.03
Households: 1,591 15,935 46,082


Photograph of Listing Agent

Helene J Frudakis

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