Burns Court Commercial Building

Retail-Commercial for Sale
Catylist Listing ID: 30677432
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 78,000 SF
Gross Building Area: See Agent
Sale Price: $3,195,000
Unit Price: $40.96 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/7/2021

Overview / Comments

This Mediterranean style property is in Historic Burns Court of Sarasota, built by Sarasota School of Architecture, only a few minutes from downtown Sarasota. The possibilities are endless of what to do with this income producing property.
This is a 3-story building and the 2nd floor houses 8 completely furnished rooms including unique art, antique furniture and all the amenities. These charming, quaint rooms could be rented out as vacation rentals or as furnished apartments
on a yearly lease. The first floor totaling approximately 3461 square feet has 3 retail units. One of the retail spaces could be converted in a hotel lobby. You could turn this property into a boutique hotel offering personalized
service that caters to the individual. Or you could turn it into a charming bed and breakfast.
The other main use would be to redevelop it as a commercial property. Possibilities are endless as it is approved to expand to 10 stories.
You will not find anything on the market that matches the beauty and
charm of this property.
Uses are purely suggestions and speculative. Due diligence for all uses.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 2027140020
Zoning: CCBD
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Orange and Pineapple
Property Visibility: Excellent
Largest Nearby Street: Orange Ave. Sarasota
Airports: Sarasota International
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 3,600 SF
Property Condition: Fair
Year Built: 1952
Year Renovated: 2010
Roof Type: Flat
Parking Type: Other
Parking Description: Street Parking, Parking Lots
Internet Access: Cable, DSL, Other
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned
Legal Description: BEG AT SE COR OF LOT 4 TH N ALG ORANGE AVE 50 FT TH W ACROSS LOTS 2 & 4 TO WLY SIDE OF LOT 2 TH SELY ALG SAID LOT 2 TO SW COR OF LOT 2 TH E ALG LOTS 2 & 4 TO POB BEING PART OF BLK 1B PLAT OF Sarasota Plat Book # A / Page # 30 PID# 2027 14 0020

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,950 78,623 163,710
Median Age: 48.31 45.62 48.65
Households: 5,880 35,405 75,977

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