Mandeville Beer Gardens

Retail-Commercial for Sale
Catylist Listing ID: 30512056
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 3,735 SF
Gross Land Area: 21,000 SF
Sale Price: $2,500,000
Unit Price: $669.34 PSF
Property Use Type: Investment, Business
Building Name: Mandeville Garden
Usable Size (USF): 3,735 SF
Core Factor: 1%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/27/2020

Overview / Comments

Mandeville Beer Gardens has created an outstanding name for themselves with this incredible Indoor/Outdoor Beer Garden. This property has 21,000 square feet of real estate on Lemon Avenue in Downtown Sarasota in the Rosemary District. The building was completely remodeled in 2017 to house the Mandeville Beer Garden with an Urban Family Casual Decor. This property has three garage doors to bring the outside dinning and game area to blend with the inside 30 plus beer taps and amazing food for the whole family! The Real Estate at 428 N Lemon Ave. is being sold with the Business, Furnishings, and Equipment on site. Once a Confidentiality Agreement is signed, a Full FF&E will be provided along with Financials. This location is superb for the potential of a Redevelopment Opportunity as well!

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Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: City of Sarasota
Tax ID/APN: 2026110020
Zoning: DTE - DOWNTOWN EDGE
Retail Clientele: General, Family, Traveler, Tourist, Recreation
Property Located Between: Fruitville and Lemon
Property Visibility: Excellent
Largest Nearby Street: Fruitville Road
Feet of Frontage: 201
Airports: Sarasota Bradenton International Airport
Area Description: Primarily multifamily residential area out the outside edge of Downtown Sarasota
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1984
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 24
Parking Ratio: 6.4 (per 1000 SF)
Parking Type: Surface
Parking Description: 24 surface spots including 2 handicapped. Ample street parking along the front of the property.
Heat Type: Electricity
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: DTE
Lot Frontage: 201
Lot Depth: 105
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: LOTS 7, 9, 11 & 13, BLK 23, LESS W 20 FT FOR LEMON AVE R/W, POS SUB OF BLKS 23 & 27

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,512 74,243 160,610
Median Age: 48.29 45.38 48.6
Households: 5,431 33,286 74,110
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