San Marco unit 108
Retail-Commercial
for Sale
| Catylist Listing ID: |
30854249 |
| Property Subtypes: |
Mixed Use, Street Retail
|
| Condo? |
Yes |
| Building Size (RSF): |
739 SF
|
| Gross Building Area: |
91,000 SF |
| Sale Price: |
$249,900 |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
San Marco |
| Usable Size (USF): |
739 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
5.4% |
| Last Updated: |
9/9/2023 |
Overview / Comments
|
Excellent investment property, located directly on Tamiami Trail (Rt. 41) in the much sought after mixed use San Marco building. Recently updated with beautiful wood flooring, new ceiling tiles and lighting fixtures. Fantastic signage in 3 locations, and a daily traffic count of more than 36,000. The building has convenient private and separate parking for the commercial and residential units. Building was built in 2006 to stringent hurricane standards and is outside the flood zone. Current tenant has a lease through May 2024. With numerous high end residential projects recently completed, and many more currently under construction or in the approval process, Sarasota is booming. This is an ideal opportunity to take advantage of tremendous upside to pricing power as the area continues to grow.
|
Financials
| Finance Data Year |
2020 |
| Real Estate Taxes - Annual($) |
$2,016 (Annual) |
Additional Details
| Nearest MSA: |
North Port-Sarasota-Bradenton |
| County: |
Sarasota |
| Taxing Authority: |
Sarasota |
| Tax ID/APN: |
0000008415 |
| Is Condo?: |
Yes |
| Zoning: |
CRD |
| Retail Clientele: |
General, Business, Tourist |
| Property Located Between: |
11th and 12th street. |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
N. Tamiami Tr.(RT 41) |
| Highway Access: |
Tamiami Tr. (RT 41) |
| Airports: |
Sarasota Bradenton International Airport |
| Site Description: |
Mixed use building along RT 41. Parking directly in front of unit. |
| Area Description: |
Become a part of the booming downtown Sarasota. San Marco is just steps to the magnificent Bayfront, and it's planned $300 million 53 acre park. Walking distance to theaters, restaurants, shopping, marina and so much more. Numerous high end residential projects are completed or under construction in the area. Less than 10 minute drive to Sarasota Bradenton Airport. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
6 |
| Property Condition: |
Excellent |
| Year Built: |
2006 |
| Construction/Siding: |
Block |
| Parking Type: |
Surface |
| Sprinklers: |
Wet |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Cable |
| Zoning Description: |
CRD |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
San Marco C8 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
12,107 |
64,130 |
153,867 |
| Median Age: |
41.21 |
44.33 |
48.14 |
| Households: |
5,094 |
28,080 |
70,221 |
|
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