Catylist ID:
#30677432
| 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 |
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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