Property for Sale with Avis/Budget/Quality Boats!

Retail-Commercial for Sale
Catylist Listing ID: 28645377
Property Subtypes: Free-Standing Building, Street Retail, Vehicle Related
Building Size (RSF): 9,280 SF
Gross Building Area: 11,862 SF
Gross Land Area: 1.19 Acres
Sale Price: $2,600,000
Unit Price: $280.17 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2017

Overview / Comments

We have two adjacent properties (same ownership) available for purchase at 7004-7010 South Tamiami Trail in Sarasota.

APN for 7004 South Tamiami Trail: 0109-01-0036
APN for 7010 South Tamiami Trail: 0109-01-0035

Properties are zoned CI and features approximately 250' of US 41 frontage. Signage is large, back-lit and very visible seeing 45,000-55,000 cars daily at this location. Easy ingress/egress both North and Southbound on US 41. Ample parking on site for customers and employees alike.

Both properties together make up 1.19AC (51,776SF) of land.

The building at 7004 South Tamiami Trail was built in 1985 and the building at 7010 South Tamiami Trail was built in 1977. Both properties have since been renovated and are in good working order.

2012 Taxes:

7004 South Tamiami Trail: $8,426.30
7010 South Tamiami Trail: $8,358.02

Current tenants are: Avis/Budget in 7010 South Tamiami Trail and Quality Boats of Tampa Bay in 7006 South Tamiami Trail.

Attachments & Media

Additional Details

Nearest MSA: North Port-Bradenton-Sarasota
County: Sarasota
Tax ID/APN: 0109-01-0035
Zoning: CI
Market Type: Medium
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Side of Street: West
Road Type: Paved, Highway
Property Visibility: Excellent
Largest Nearby Street: Stickney Pt/Clark Rd
Traffic/Vehicle Count: 45,000
Transportation: Bus, Taxi
Highway Access: I-75 exit 205 (SR-72/Clark Rd) is appx 10 minutes away
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Year Built: 1985
Year Renovated: 1995
Roof Type: Hip
Construction/Siding: Stucco
Parking Type: Surface
Parking Description: Paved parking lots on US 41 with additional paved parking in rear. Gravel parking in rear as well.
Internet Access: Cable
Interior Description: Newly renovated interior office/retail spaces (renovated in 2013/2014). Everything from the floors to the walls has been upgraded.
Zoning Description: CI (Commercial Intensive)
Lot Frontage: 250
Legal Description: 7010 South Tamiami Trail: COM AT NW COR OF N 1/2 OF NE 1/4 OF NE 1/4 OF SEC 20-37-18 TH S-0-35-17 -E 15.25 FT TH S-89-25-29-E 230.34 FT TH S-39-27-17-E 72.1 FT FOR POB TH S-39-27-17-E 165.07 FT TH N-88-01-44-W 379.49 FT TH N-0-35-17-W 99.53 FT TH S- 88-07-22-E 240.01 FT TH N-66-24- E 18.35 FT TH N-50-32-43-E 24.22 FT TO POB SUBJECT TO R/W FOR US HWY 41 IN DB 79/472 & 485 7004 South Tamiami Trail: COM AT NW COR OF N 1/2 OF NE 1/4 OF NE 1/4 OF SEC 20-37-18 TH S-0-35-17 -E 15.25 FT FOR POB TH S-89-25- 29-E 230.34 FT TH S-39-27-17-E 72.1 FT TH S-50-32-43-W 24.22 FT TH S-66-24-W 18.35 FT TH N-88-07 -22-W 240.01 FT TH N-0-35-17-W 72.86 FT TO POB SUBJECT TO R/W FOR US HWY 41 IN DB 79/472 & DB 79/485, OR 2695/885 OR 2712/2852 OR 2712/2855

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,286 61,145 121,184
Median Age: 52.92 54.08 52.38
Households: 6,360 30,580 58,292

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