ST ARMANDS CIRCLE RETAIL

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30296271
Property Subtypes: Street Retail
Status: Pending/Contingent
Condo? Yes
Building Size (RSF): 1,900 SF
Gross Building Area: See Agent
Sale Price: See Agent
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2019

Overview / Comments

Very rare opportunity to own a presence on the busiest section of The Circle. St Armands is considered one of the Premier Tourist, Shopping and Dining Districts in the SE United States. There is a year-round calendar of activities and events, including acclaimed art festivals, gourmet tasting events, exotic automobile shows, and holiday celebrations.
The available location offers the highest foot-traffic and visibility. Neighboring businesses include Tommy Bahama Retail, Southern Tide Styles, Venezia and Sperry Shoes.
There is a price reduction in effect for the real property. The business and inventory are also available. Business has been awarded "best" in its business category. Contact Listing Agent for more information. Non-disclosure agreement required. Listing Agent must be present during visits to the property. RSF is approximately 1,900 SF.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota
Is Condo?: Yes
Zoning: CT
Retail Clientele: Tourist
Property Located Between: Blvd. of Presidents & John Ringling Blvd.
Property Visibility: Excellent
Largest Nearby Street: John Ringling Blvd.
Airports: SRQ
Area Description: St. Armands Circle is considered one of the Premier Tourist, Shopping and Dining Districts in the SE United States. Sidewalk foot-traffic is excellent. Retail location of this caliber is rarely available for purchase. Neighboring businesses include: Tommy Bahama Retail, Sperry Footware, Southern Tide Styles and Venezia.
Tenancy: Single Tenant
Property Condition: Excellent
Year Renovated: 2008
Parking Description: The new St Armands parking structure is open!! Rates are reasonable. Listed property is located in the NW Quadrant on main Circle sidewalk.
Zoning Description: CT, Commercial, Tourist
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: condo

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,850 29,562 110,962
Median Age: 68.9 51.13 48.17
Households: 1,015 14,214 51,811
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