North Port Office / Retail Plaza

Retail-Commercial for Sale
Catylist Listing ID: 30162903
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 38,632 SF
Gross Building Area: 43,839 SF
Gross Land Area: 279,496 - 279,497 SF
Sale Price: $4,900,000
Unit Price: $126.84 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: North Port Medical Center
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/17/2018

Overview / Comments

Originally home to a large chain grocery store, the building has been renovated to medical office suites. Now we have over 6 acres of prime real estate ready for redevelopment in the heart of North Port. Situated at the corner of Sumter and US 41, Sumpter Blvd will bring you right out to I-75, passing major chain locations such as Publix, Walmart, Taco Bell and Dunkin Doughnuts along the way. Located on the south end of the Miracle Mile, your neighbors will be Walmart, Home Depot, Lowes, Bealls, TJ Max, Ulta Beauty, and Publix to name a few. With the new Atlanta Braves Spring Training Stadium in North Port, Sunseeker Report in Port Charlotte, the demand for property and the associated value is only going to increase.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: North Port
Tax ID/APN: 1002001060
Zoning: COMMERCIAL GENERAL
Property Located Between: Sumter and Tamiami Trail
Property Visibility: Excellent
Highway Access: DIrect access to Tamiami Trail (US41)
Airports: Rsw and Punta Gorda Regional
Site Description: Property is located at the intersection of Tamiami Trail and Sumter Blvd.
Area Description: North Port has several prime development sites, ample sewer and water capacity and excellent interstate access via I-75. Its community amenities include quality public schools, outstanding parks and recreation facilities, beautiful golf courses, and a state-of-the-art performing arts center complemented by tree-lined streets, sidewalks and canals that meander through the City’s neighborhoods. Air travel is accessible from three international and three municipal airport facilities located within 45 to 90 minutes of the City. Local seaports (Port Manatee and Port of Tampa) and rail service can connect products and materials to customers nationally and globally.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1992
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: Stucco over Block
Parking Type: Surface
Parking Description: Shared Parking Lot
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Commercial General
Lot Frontage: 377 on Tamiami Trail
Lot Depth: 532
Water Service: Municipal
Sewer Type: Municipal
Legal Description: In LBO

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,466 35,648 64,909
Median Age: 59.56 47.03 46.53
Households: 3,205 14,992 26,978

Contact

Photograph of Listing Agent

Howard Corr

CORR COMMERCIAL ADVISORS LLC
MFCRE Member
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