INVESTORS TAKE NOTICE - 100% LEASED

Retail-Commercial for Sale
Catylist Listing ID: 30353559
Property Subtypes: Free-Standing Building, Mixed Use, Vehicle Related, Other
Building Size (RSF): 1,341 SF
Gross Building Area: See Agent
Gross Land Area: 7,220 SF
Sale Price: $269,000
Unit Price: $200.60 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 8.0%
Average Occupancy Rate: 100
Last Updated: 10/4/2019

Overview / Comments

100% Leased – Successful Auto Rental downstairs and additional office space with a kitchen and bathroom upstairs.
In addition to the office there is a covered prep area and 2 detached storage fixtures
Located with close proximity to the Downtown Core area and SRQ, it would difficult for your Tenant not to be successful. CAP Rate 7.93% with potential for increasing.

Zoning is ICD - Intensive Commercial District in the City of Sarasota and property is located directly behind (west of) the HOB NOB restaurant and across the street (north) of Wendy's which are both on the corner of N. Washington Blvd and 17th St. Property is also across the street from UPS.

Take advantage of this stable investment as demand for automotive parcels increases and supply decreases. You should consider buying the contiguous auto repair property as well. – offered at $319,000

Seller will provide easement document for the driveway

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Submarket Type: Central Business District
Taxing Authority: City of Sarasota
Tax ID/APN: 2024160019
Zoning: ICD - INTENSIVE COMMERCIAL DISTRICT
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
Property Located Between: Behind the Hob Nob restaurant at N. Washington Blvd and 17th Street
Property Visibility: Excellent
Largest Nearby Street: N Washington Blvd
Feet of Frontage: 100
Highway Access: I-75 is 12- 15 minutes east.
Airports: Sarasota-Bradenton
Area Description: This property is located directly behind (west) the HOB NOB restaurant and across the street (north) of Wendy's which are both on the corner of N. Washington Blvd and 17th St. and across the street from UPS. 17th St has become a very popular east to west thoroughfare in this part of the City.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1988
Year Renovated: 2018
Construction/Siding: Block
Parking Type: Surface
Parking Description: See Photos
Interior Description: SEE OVERVIEW
Zoning Description: ICD - Intensive Commercial District
Lot Frontage: 50
Lot Depth: 144.5
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 1973 17th St - LOT 19 BLK H CITY PARK

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,751 81,139 169,446
Median Age: 33.04 44.97 47.61
Households: 5,730 36,054 76,869

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