100% Leased North Port Shopping Plaza

Shopping Center for Sale
Sale Pending
Also listed as Retail-Commercial
Catylist Listing ID: 30329157
Property Subtypes: Strip Center
Status: Pending
Building Size (RSF): 19,360 SF
Gross Building Area: 20,399 SF
Gross Land Area: 2.28 Acres
Sale Price: $4,250,000
Unit Price: $219.52 PSF
Property Use Type: Investment
Building Name: North Port Place
Sale Terms: Cash to Seller
Cap Rate: 7.48%
Average Occupancy Rate: 100
Last Updated: 3/23/2020

Overview / Comments

PRICE REDUCTION on this great retail plaza anchored by DaVita Dialysis with excellent exposure on Tamiami Trail located near the intersection of Sumter Blvd and Tamiami Trail on the Miracle Mile of North Port. North Port is the largest MSA in Sarasota and one of Florida's fastest-growing cities and was recently ranked as one of Florida's safest cities in which to live and work. Only a short distance from the new West Villages Development and the new Atlanta Braves Training Facility.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota
Tax ID/APN: 1000240005
Zoning: CG
Retail Clientele: Business
Property Located Between: Sumter Blvd and Tamiami Trail
Property Visibility: Excellent
Largest Nearby Street: Tamiami Trail US 41
Highway Access: Tamiami Trail
Airports: RSW
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2003
Year Renovated: 2010
Construction/Siding: Block
Exterior Description: Clean and well maintained
Parking Type: Surface
Total Parking Spaces: 105
Sprinklers: Wet
Air Conditioning: Other
Zoning Description: Commercial General
Lot Frontage: 315'
Lot Depth: 318'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Folio #1000240005

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,466 34,841 63,927
Median Age: 59.56 47.1 46.64
Households: 3,205 14,691 26,607


Photograph of Listing Agent

Howard Corr

MFCRE Member
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