Investment Near Downtown with Old Florida Charm

Office for Sale
Catylist Listing ID: 30778685
Property Subtypes: Mixed Use
Building Size (RSF): 1,486 SF
Gross Building Area: 1,556 SF
Gross Land Area: 8,500 SF
Sale Price: $335,000
Unit Price: $225.44 PSF
Ceiling: 8 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/21/2022

Overview / Comments

1500+/- sf building in excellent condition, roof replaced in 2016, AC replaced in 2019. Lot goes from street to street. A successful daycare for the past 12 years...Excellent Tenant in place.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $3,241 (Annual)
Tax Value Land $78,400
Tax Value Improvements $101,800
Assessed Value - Total($) $180,200 (Annual)
Potential Rental Income $24,000 (Annual)
Gross Operating Income $24,000 (Annual)
Net Operating Income $20,500 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Submarket Type: Central Business District
Taxing Authority: City of Srarasota
Tax ID/APN: 2028110021
Zoning: DTE DOWNTOWN EDGE
Property Located Between: Fruitville Rd and 12th Street
Property Visibility: Good
Highway Access: Us Highway 301 (Washington Blvd) 1/2 mile, Interstate 75 5 miles
Airports: SRQ Airport is approximately 5 miles
Site Description: Close to downtown, highly visible, mature trees, solid structure in excellent condition. Lot is 50 by 170 feet with street to street access
Area Description: Area of businesses, office & retail institutions
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,556 SF
Year Built: 1948
Year Renovated: 1985
Roof Type: Gable
Construction/Siding: Wood Siding
Parking Ratio: 8 (per 1000 SF)
Parking Type: Surface
Parking Description: Parking in front of building and in rear of building.
Total Parking Spaces: 8
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Multiple rooms
Zoning Description: DTE Downtown Edge allows for a variety of uses including, but not limited to, office, retail, school, restaurant and many others. Please verify usage with City of Sarasota.
Lot Frontage: 50
Lot Depth: 170
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Standard easements for utility access
Land Ownership: Owned
Legal Description: DTE/DOWNTOWN EDGE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,262 88,087 171,628
Median Age: 40.11 45.61 48.05
Households: 6,179 39,325 78,538

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