LAKEWOOD RANCH - PURCHASE IN UPSCALE PLAZA, OFFICE OR RETAIL!

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30631167
Property Subtypes: Executive Suites, Medical, Mixed Use, Office Building, Other
Status: Pending/Contingent
Condo? Yes
Building Size (RSF): 840 SF
Gross Building Area: See Agent
Sale Price: $265,000
Ceiling: 11 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: SAN MARCO PLAZA
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 10/22/2020

Overview / Comments

PRIME LOCATION, with a premium hot address for your business! RARE OPPORTUNITY to purchase commercial space at such a low price like this! Why be tied into a lease with your business, when you can own? Absolutely beautiful space, in the heart of Lakewood Ranch! This unit is move-in ready. Run your business with two private offices, a large conference room, a reception area, and an ADA bathroom. Looking for more options? You can easily set this up to be executive office suites or shared space for recurring revenue, while you run your business out of one of the private offices or you can use this for RETAIL space! This is the only space that currently is permitted to have office use in the entire plaza.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 587937059
Is Condo?: Yes
Zoning: PD-MU, PLANNED DEVELOPMENT MIXED-USE
Property Located Between: Town Center Pkwy/University Pkwy and Lakewood Ranch Blvd
Property Visibility: Excellent
Highway Access: Interstate 75 is a half-mile east to San Marco Plaza
Airports: Sarasota-Bradenton International Airport
Site Description: San Marco Plaza, an upscale shopping plaza drawing a great deal of traffic, even in the midst of COVID times. Featuring Mediterranean architecture, curved arches, paver brick walkways, displays sophistication and charm, attracting many visitors from near and far, to frequent this location. Exciting news flash for San Marco Plaza is the New Destination restaurant, BOURBON AND BONES! A modern chophouse grill, outdoor patio dining, a bourbon bar saloon, with live music entertainment, conveniently situated right here in the plaza! Award-winning restaurants, Thai Spice, and IL Conte Ristorante & Pizzeria are also home to this plaza, along with popular shops and well-known offices! This distinctive retail shopping plaza has 61,450 square feet, with 35 individual condo units and is one of the very few retail centers that you will find in the area, where you can actually purchase your own space instead of having to lease! Build equity, it is a much better solution for a highly sought after location!
Area Description: Lakewood Ranch, Florida is the most prestigious location for business in the fastest-growing region of Florida. #1 Top-Selling Multi-Generational Community in the United States and #10 Fastest Growth for Population in the Nation! Educated, skilled workforce of people, and over 1,383 existing companies and still increasing, businesses that are focused on biotech, healthcare, finance, retail, and technology. Bring your business here for LWR opportunities! Florida's west coast is known as The Cultural Coast for the museums, performing arts and more. Bordering Sarasota, known for top places to live in the USA and Award-Winning #1 Siesta Key Beach, famous for its gorgeous white, fine powder-like quartz sand!!
Total Number of Buildings: 5
Number of Stories: 2
Year Built: 2007
Roof Type: Flat
Construction/Siding: Block, Stucco
Exterior Description: Mediterranean architecture, curved arches, wrought iron railings and paver brick walkways, design and inspired by the image of La Piazza San Marco in Venice, Italy
Parking Type: Surface
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL, Other
Interior Description: Beautifully built-out office space, built-in cabinetry, high ceilings, 2 separate offices/rooms, conference room with glass doors, reception area, storage closet, and ADA restroom, exterior window views from the balcony
Zoning Description: San Marco Plaza Condominium is combined with a mixed-use of retail and office use. Currently, this is the only unit that is permitted to have office use for a new owner. All other units available must stay retail, until San Marco Plaza is back in compliance, as per Lakewood Ranch Master Restrictions, since San Marco Plaza exceeded their maximum space for office use.
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Legal Description: UNIT 34 SAN MARCO PLAZA CONDOMINIUM PI#5879.3705/9

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,626 34,781 103,246
Median Age: 42.45 53.57 49.03
Households: 1,591 16,338 46,082

Contact

Photograph of Listing Agent

Helene J Frudakis

FLORIDA VIP REALTY INC MFCRE Member
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