Great Little Office Investment In Venice!

Office for Sale
Catylist Listing ID: 30329543
Property Subtypes: Business Park, Office Building
Condo? Yes
Building Size (RSF): 3,226 SF
Gross Building Area: See Agent
Sale Price: $299,900
Property Use Type: Investment
Building Name: Southbridge Professional Park
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 9.0%
Last Updated: 12/11/2018

Overview / Comments

Great little investment opportunity!

Two parcels, overall 3226 sf covers 11 individual offices. Total potential gross income +/- $55,000 a year. Current expenses total +/- $24,000 a year, and sales tax, gives a NOI of +/- $27,250 or over 9% return!

Zoned Commercial General enabling many business activities. Building is easy to manage and has had a BRAND NEW roof in 2018. You have a total of 11 offices - 6 downstairs and 5 upstairs. Also downstairs you have a waiting area, kitchen and bathroom. Upstairs there's an additional bathroom including shower. Water is included in the association fees. Rent schedule available on request.

Come and see this well run operation which is ready for a new owner! Potential owner financing available, subject to agreed terms.

LEASE OPTION available for individual units ranging from 110-525 SF with rents from $400-800 per month.

All information owner provided and you should carry out your own due diligence.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota
Tax ID/APN: 0433031306 and 9
Is Condo?: Yes
Zoning: CG
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1986
Roof Type: Other
Parking Type: Surface
Air Conditioning: Engineered System
Zoning Description: Commercial General
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,257 46,001 68,820
Median Age: 60.81 60.23 60.29
Households: 4,371 23,806 35,018

Contact

Photograph of Listing Agent

Ivan J Gould

RE/MAX ALLIANCE GROUP
MFCRE Member
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