Premium Office Building For Sale

Office for Sale
Catylist Listing ID: 30326829
Property Subtypes: Executive Suites, Medical, Office Building, Other
Building Size (RSF): 6,700 SF
Gross Building Area: 7,180 SF
Sale Price: $799,000
Unit Price: $119.25 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 6,700 SF
Sale Terms: Cash to Seller, Owner Financing, Sale/Leaseback
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/26/2018

Overview / Comments

Excellent location! Class B office space with easy access to all major hubs within the Tampa Bay area.
Building is occupied by owner and one medical tenant. Owner occupies 3,238 SF and Medical Tenant leases 3,462 SF. The floor plan is functional for up to 3 tenants.
Each unit has several offices, conference room, kitchenettes, storage and waiting/ reception areas. Parking on both sides of building, 38 spaces.
The building is located on 26th St., just south of Cortez Rd and north of 53rd Ave W between 47th and 48th St.
The building is available for lease or for sale. This can be an owner user property with income or an investment property. Owner could leaseback for up to a year.

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Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee
Tax ID/APN: 5278600001
Zoning: PROFESSIONAL
Property Located Between: Cortez Road and 53rd Ave
Property Visibility: Excellent
Highway Access: East of Hwy 301 between State Rd 70 and 64 and the building is south of Cortez Rd and north of 53rd Ave West.
Airports: Sarasota/Bradenton 20 minutes, Tampa 50 minutes.
Site Description: Rectangular site consisting of approx 250 ft frontage along 26th St W. Site is approx 120 ft deep.
Area Description: Area is fully developed, convenient to downtown Bradenton and Sarasota and close to IMG Academy and IMG Golf Club. Consists of professional office, retail, multifamily, church and school buildings.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,700 SF
Year Built: 1977
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: Built as a medical office and finished with stucco.
Parking Type: Surface
Parking Description: Surface parking with approx 34 spaces on north side of building near tenant entrances. 4 spaces on south side of building with private access to building.
Total Parking Spaces: 38
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL
Zoning Description: Professional
Lot Frontage: 240
Lot Depth: 120
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,898 114,502 179,944
Median Age: 40.15 43.42 44.25
Households: 10,443 49,664 76,492
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