Automotive center Downtown Sarasota area

Industrial for Lease
Catylist Listing ID: 30392988
Property Subtypes: Free-Standing, Other
Contiguous Space: 8,120 SF
Building Size (RSF): 8,120 SF
Gross Building Area: 8,584 SF
Gross Land Area: 24,500 SF
Lease Rate: $9.25 PSF (Annual)
Base Monthly Rent: $6,259
Lease Types: NNN
Drive In Bays: 8 Bays
Building Name: Former Midas
Usable Size (USF): 8,120 SF
Last Updated: 6/16/2019

Overview / Comments

This is a 9 bay automotive center just North of Downtown Sarasota which has nearly doubled its population in the past 5 years. The most recent census shows a population of 168,000 within a 5 mile radius. Located on a signalized intersection at 12th Street and N Washington Blvd / US 301. There is also a pylon sign on N. Washington and easy access. There is an air conditioned showroom and plenty of parking. This location has a long history as an automotive center. pass thru expenses estimated at $1.93 square foot. This is a triple net lease.

Expand All Available Space

Suite: 1 8,120 SF $9.25 PSF (Annual) NNN
Level/Floor: 1
Space Available: 8,120 SF
Lease Rate: $9.25 PSF (Annual)
$6,259 (Monthly)
Lease Type: NNN
Space Description: This former Midas automotive Center has 9 bays and is ideally situated just north of the bustling downtown Sarasota area. It is located at a signalized intersection of 12th St and US 301 or Washington Boulevard. Pylon sign on US 301. There is also a nice sized showroom /customer service area, storage space for tires or other merchandise. There has been an automotive center here since 1954!
Space Subcategory: Free-Standing Store
Date Available: 5/1/2019
Lease Term: 60 Months
Space Type: Relet
Tax Expenses $1.63 PSF (Annual)
Rent Escalators Index Lease
Rent Escalators Description CPI or 3 %, whichever is greater.
Rent Concession C
Drive In Bays 8

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota City
Tax ID/APN: 2023-12-0029
Zoning: INTENSIVE COMMERCIAL DISTRICT (ICD)
Property Located Between: N Washington and East Ave
Highway Access: I 75 via Fruitville Road
Airports: Sarasota Bradenton
Site Description: Corner lot at a signalized intersection of 12th street and N Washington Boulevard.
Area Description: Sarasota is a city south of Tampa on Florida’s Gulf Coast that was once the winter home of the Ringling Brothers Circus. Today, it hosts a number of cultural institutes, notably the Ringling Museum of Art, which showcases old masters and modern art. It’s also the gateway to miles of beaches with fine sand and shallow waters, such as Lido Beach and Siesta Key Beach. The property is just north of downtown Sarasota on the corner of N Washington Boulevard and 12th Street. It has a long history of automotive service establishments.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1959
Roof Type: Flat
Construction/Siding: Block
Parking Ratio: 1.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Ample parking
Total Parking Spaces: 12
Sprinklers: Wet
X-Phase: Three
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Lighting: Fluorescent
Zoning Description: Commercial Intensive (CI)
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,220 77,815 168,271
Median Age: 34.26 44.86 47.86
Households: 5,381 34,349 76,515
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