Redevelopment Opportunity!

Retail-Commercial for Sale
Catylist Listing ID: 30136628
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 8,694 SF
Gross Land Area: 0.48 Acres
Sale Price: $1,490,000
Unit Price: $171.38 PSF
Property Use Type: Investment
Building Name: Fulton Building
Usable Size (USF): 8,694 SF
Sale Terms: Cash to Seller
Last Updated: 7/10/2017

Overview / Comments

Excellent mixed use redevelopment opportunity that offers high visibility on busy Washington Blvd. (US 301) with an average daily traffic count of 31,000 vehicles. The property consists of 9 units in one single story retail strip center.

There are a broad variety of uses allowed in the City of Sarasota's Downtown Edge zoning (DTE) – the highest and best use being residential over office/retail.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2027090013
Zoning: DTE
Retail Clientele: General, Business
Property Located Between: Fruitville Road and Mound Street
Property Visibility: Excellent
Largest Nearby Street: Washington Blvd (US 301), south of Fruitville Rd
Feet of Frontage: 144
Traffic/Vehicle Count: 31,000
Highway Access: I-75 is seven (7) miles to the east via Fruitville Rd.
Airports: SRQ
Site Description: Located along Washington Blvd (US 301) and south of Fruitville Rd near the downtown core. Interstate 75 is seven (7) miles to the east via Fruitville Rd and SRQ airport is 10 minutes north via Washington Blvd (US 301).
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1948
Total Parking Spaces: 25
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,904 86,502 170,897
Median Age: 43.89 45.56 48.21
Households: 6,806 38,720 78,769

Source

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