Rare Centrally Located Freestanding Building

Office for Sale
Catylist Listing ID: 30802417
Property Subtypes: Office Building
Building Size (RSF): 3,750 SF
Gross Land Area: 12,000 SF
Sale Price: $1,530,000
Unit Price: $408 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Southgate Circle Wellness Center
Class of Space: Class B
Usable Size (USF): 3,300 SF
Sale Terms: Cash to Seller
Last Updated: 11/15/2022

Overview / Comments

Great opportunity to purchase this free-standing building in one of Sarasota's most desirable locations! Excellent Street Visibility and signage opportunity just minutes to Downtown, both Hospitals, Bee Ridge Road, Siesta Key and I-75.
Versatile floor plan can allow for immediate occupancy for a significant portion of the building, Plus the buyer can either continue renting the additional space to tenants or take over the entire building when current leases expire.
Tenancies are mixture of independent wellness and related service providers.
Investors (especially those seeking a 1031 replacement property) or an operating business looking for a new location.
Bonus: across the street from Southgate Circle Park...a peaceful option on a hectic day.
Excellent parking with 29 spaces +/-.
2022 Real Estate Taxes: $6052.10
Financials available upon receipt of signed non-disclosure/confidentiality agreement.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0057080059
Zoning: CN COMMERCIAL NEIGHBORHOOD
Property Located Between: Bee Ridge Rd and Webber Ave
Property Visibility: Excellent
Highway Access: Tuttle to Bee Ridge to I-75
Airports: SRQ 20 minutes
Area Description: Mixture of residential and commercial
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1961
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: Mansard Facade front roof. Stucco on Block construction. Paved parking lot.
Parking Type: Surface
Parking Description: Paved and mostly striped.
Total Parking Spaces: 29
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Versatile configuration. Building partitioned as 3 separate suites with separate entrances, each with a lobby. 4 rest rooms;16 individual rooms.
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Normal Utility Easements
Legal Description: Lots 15 & 16, Blk 28, South Gate Unit 9 PID # 0057080059

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,428 98,266 168,777
Median Age: 46.06 47.85 48.63
Households: 6,730 45,874 77,954
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