Catylist ID:
#30438618
Investment Opportunity with Laundromat
Retail-Commercial
for Sale
| Catylist Listing ID: | 30438618 |
| Property Subtypes: | Free-Standing Building, Mixed Use, Restaurant, Other |
| Building Size (RSF): | 6,005 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $650,000 |
| Unit Price: | $108.24 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/16/2020 |
Overview / Comments
|
American Property Group of Sarasota, Inc is proud to present, 2606-2808 10th St W, Palmetto, FL 34221: Type: Free-Standing Building, Mixed Use, Restaurant, Other Size: 6,005 SF Highlights: Now available with two buildings on one parcel. Building 2808 (Restaurant) has around 4,131 sf that has a tenant on a 12-year lease with about 11 years remaining. Per the seller 2808 has a newer roof and A/C system. Tenant that occupies this restaurant is Villa Italia Cafe (https://villa-italia-cafe.business.site). They have two additional 5 years options after the first 12 years. Annual increases every year from year 3 and on. This is a NNN lease. The second building 2606 (Laundromat) has around 1,874 sf that is currently being ran by the seller but has a staff in place for day to day operation. Very easy to manage and operate. Property is surrounded by a ton of residential neighborhoods and this restaurant/laundromat is a go to local establishment for Tropic Isles Development. Tropic Isles is 60 acres of premier real estate directly on Terra Ceia Bay with Homes, RV Parks, Marina, and Boat Storage. Can't beat deal for a corner lot with NNN income and a Laundromat that is a cash business! Visit us online at www.AmericanPropertyGroup.com to see all our listings or call (941)923-0535 at your convenience. |
Attachments & Media
Additional Details
| Nearest MSA: | North Port-Sarasota-Bradenton |
| County: | Manatee |
| Tax ID/APN: | 2926200109 |
| Zoning: | CN |
| Property Visibility: | Excellent |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 4,566 | 59,177 | 149,608 |
| Median Age: | 44.79 | 43.87 | 44.33 |
| Households: | 1,799 | 23,594 | 63,002 |
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