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

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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


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