Multi-Tenant Investment 6% CAP North Port

Retail-Commercial for Sale
Catylist Listing ID: 30804183
Property Subtypes: Free-Standing Building
Building Status: Under Construction
Building Size (RSF): 14,050 SF
Gross Building Area: 14,893 SF
Sale Price: $2,700,000
Unit Price: $192.17 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.25%
Last Updated: 11/5/2022

Overview / Comments

Multi-tenant investment opportunity in Sarasota County with a 6% Cap Rate. 100% occupied retail strip building located in North Port.

The building is currently split into 6 units but could be further devised into 8 units. The owner's expense sheet and rent roll are attached below. The current Gross Income for this property is $179,801.16. The Net Income is $162,970.22 which puts the property at a 6% Cap Rate!

A new roof is being put on post-Hurricane Ian!

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 1122088317
Zoning: NCHI
Tenancy: Multiple Tenants
Year Built: 2009

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,055 16,068 65,627
Median Age: 37.5 39.16 44.89
Households: 4,920 6,061 26,628

Contact

© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.