Prime Retail Property

Retail-Commercial for Sale
Catylist Listing ID: 30280032
Property Subtypes: Mixed Use
Building Size (RSF): 12,950 SF
Gross Land Area: 1.10 Acres
Sale Price: $1,500,000
Unit Price: $115.83 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 12,950 SF
Sale Terms: Cash to Seller
Cap Rate: 34208.0%
Average Occupancy Rate: 100
Last Updated: 9/15/2018

Overview / Comments

This is a great Investment Opportunity. The property includes 3 buildings and 2 property ID’s with 1.1 Acres of land. The 3 buildings are 701 Manatee Ave East 4,450 SF, 719 Manatee Ave East 4,500 SF, and 411 7th Street East 4,000 SF for a total 12,950 SF. The 3 building are leased to 2 tenants, rent rolls are available upon request to listing agent. The property covers the block from 7th Street East to 8th Street East with 244’ of Manatee Ave East road frontage. Present owner keeps property very well maintained.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 3138400001
Zoning: T-5
Retail Clientele: General
Property Located Between: 1st Street and 9th Street East
Property Visibility: Excellent
Largest Nearby Street: Manatee Ave East
Feet of Frontage: 244
Airports: Sarasota - Bradenton International Airport
Site Description: Excellent location with excellent T-5 Zoning.
Area Description: Area under revitalization.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good
Year Built: 1956
Year Renovated: 2017
Construction/Siding: Block
Exterior Description: Block, Stucco, Metal.
Parking Type: Surface
Zoning Description: T-5
Water Service: Municipal
Sewer Type: Municipal

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