Over 1.8 Industrial-Zoned Acres Fronting on I-75

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30384312
Property Subtypes: Free-Standing, Light Industrial, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 12,671 SF
Gross Land Area: 80,418 SF
Sale Price: $1,499,000
Unit Price: $118.30 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 12,671 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2020

Overview / Comments

Truly Unique Opportunity with exceptional exposure to I-75! Very Rare 336 feet of Industrially-zoned frontage facing I-75 just South of the Fruitville Rd Exit. Over 127,000 Annual Average Daily Traffic Count. Visible from both directions. Great as user property or as an investment
This property has versatile appeal: To an investor once the vacant warehouse is leased the property would generate two rental streams. For the user who needs warehouse space for their business right away, move into the vacant warehouse and enjoy the rent from the slightly smaller occupied warehouse. Or re-develop the entire 1.85 acre property to suit the buyer's needs while capitalizing on the I-75 exposure.
Two warehouse buildings, one at 6,000 sq ft built in 1972 (effective 1977) and is occupied, paying $3800 per month on a modified gross basis plus sales tax. The other has 6671 sq ft, built in 1978 (effective 1983) has been recently vacated and is simultaneously for lease at $6500 per month on a modified gross basis plus sales tax. The vacant 6671 sq ft building has 3 overhead doors, each 12' high by 10' wide. 6000 sq ft building has 3 overhead doors each 12' high by 10' wide, plus 2 other oversized doors. Total annual real estate taxes $10,722.
Perfect location for sales/service or distribution center.

Phase I Environmental report completed in December 2019 and is available to serious buyers. Please note that the cell tower at the Southwest corner of the property is not on the subject property and not included with this offering.

If exposure to I-75 is important to you and/or your business, you will not find a more strategic location in Sarasota County!

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0237130015
Zoning: ILW INDUSTRIAL LIGHT & WAREHOUSING
Property Located Between: Palmer Blvd and Porter Lake Drive
Highway Access: Cattlemen to Palmer to Porter Rd
Airports: SRQ in 15 minutes
Site Description: Flat and mostly unpaved gravel
Area Description: Mostly industrial/office/sales/service
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 6,000 SF
Property Condition: Average
Year Built: 1972
Year Renovated: 1983
Roof Type: Flat
Construction/Siding: Aluminum Siding
Exterior Description: The 6000 sq ft warehouse is metal with a metal roof. The 6671 sq ft warehouse is concrete with a rolled/tar roof.
Parking Type: Surface
Parking Description: Open surface
Zoning Description: ILW Industrial Light and Warehouse
Lot Frontage: 364 feet on Porter Rd 336 feet on I-75
Lot Depth: 221
Water Service: Municipal, Well
Sewer Type: Municipal, Septic
Easements: Utilities
Easements Description: Normal utility
Legal Description: PID # 0237130015

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,299 63,891 144,117
Median Age: 44.67 47.94 47.89
Households: 3,217 27,553 64,954
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