New 5 Year Lease! Great 1031 Building Directly on Tamiami Trail

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30658364
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad
Building Size (RSF): 13,942 SF
Gross Building Area: See Agent
Sale Price: $2,450,000
Unit Price: $175.73 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Undisclosed
Cap Rate: 5.83%
Last Updated: 10/13/2021

Overview / Comments

American Property Group of Sarasota, Inc is proud to present, 3808 N Tamiami Trail, Sarasota, FL 34234:
Tenant signed a new 5 year lease with 5 year renewal option.
Property type: Retail, School, Restaurant, North Trail (NT) Zoning allows for a multitude of uses within the city of Sarasota.

Zoning: NT - North Trail

Highlights: This two-story freestanding building is nicely situated on approximately 2.14AC of NT zoned land. Originally constructed in 1986 this 13,942SF building enjoys a massive 277.54' of frontage on Tamiami Trail/US41. This property is located in an Opportunity zone with many developmental benefits.

This commercial building has a covered drive up/drop off and inviting entryway with fish tanks built into the walls. Upstairs houses the larger classrooms which can be combined into one large room for presentations or screenings. Downstairs there are many administrative offices, classrooms, and larger lab rooms for demonstrations and hands on learning. The cafeteria leads into an outdoor deck addition and back to the entrance.

The subject property is a well located with excellent frontage along U.S. 41 (North Tamiami Trail) near Ringling Museum, University of South Florida, New College and Ringling School of Art & Design. Neighborhood retail includes a neighborhood Walmart, CVS Drug Store and several gas and convenient stores.

Located just to the South of SRQ Airport and University Parkway. Just a few short minutes to the vibrant and growing Downtown Sarasota and the busy yet beautiful St. Armands.

+/- 104 Parking Spaces

Approximately 9 miles from I-75

Visit us online at www.AmericanPropertyGroup.com to see all our listings or call (941)923-0535 at your convenience.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2004150052
Zoning: NT
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Visibility: Excellent
Feet of Frontage: 278
Airports: Sarasota-Bradenton International Airport
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Parking Type: Surface
Parking Description: +/- 104 Parking Spaces
Zoning Description: NT

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,461 56,864 158,913
Median Age: 37.61 45.14 47.32
Households: 4,127 25,030 71,397

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