San Marco unit 108

Retail-Commercial for Sale
Catylist Listing ID: 30757567
Property Subtypes: Mixed Use, Street Retail
Condo? Yes
Building Size (RSF): 857 SF
Gross Building Area: 91,000 SF
Sale Price: $312,900
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: San Marco
Usable Size (USF): 857 SF
Sale Terms: Cash to Seller
Cap Rate: 4.0%
Last Updated: 10/11/2021

Overview / Comments

Excellent investment property, located directly on Tamiami Trail (Rt. 41) in the much sought after mixed use San Marco building. Fantastic signage in 3 locations, and a daily traffic count of more than 36,000. The building has convenient private and separate parking for the commercial and residential units. Current tenant has a lease through May 2024. With numerous high end residential projects recently completed, and many more currently under construction or in the approval process, Sarasota is booming. This is an ideal opportunity to take advantage of tremendous upside to pricing power as the area continues to grow.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $2,016 (Annual)

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota
Tax ID/APN: 0000008415
Is Condo?: Yes
Zoning: CRD
Retail Clientele: General, Business, Tourist
Property Located Between: 11th and 12th street.
Property Visibility: Excellent
Largest Nearby Street: N. Tamiami Tr.(RT 41)
Highway Access: Tamiami Tr. (RT 41)
Airports: Sarasota Bradenton International Airport
Site Description: Mixed use building along RT 41. Parking directly in front of unit.
Area Description: Become a part of the booming downtown Sarasota. San Marco is just steps to the magnificent Bayfront, and it's planned $300 million 53 acre park. Walking distance to theaters, restaurants, shopping, marina and so much more. Numerous high end residential projects are completed or under construction in the area.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 6
Property Condition: Excellent
Year Built: 2006
Construction/Siding: Block
Parking Type: Surface
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: CRD
Water Service: Municipal
Sewer Type: Municipal
Legal Description: San Marco C8

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,107 64,130 153,867
Median Age: 41.21 44.33 48.14
Households: 5,094 28,080 70,221

Contact

Photograph of Listing Agent

Jim M Moynihan

PARTNERS REALTY OF SARASOTA
MFCRE Member
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