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: $298,900
Unit Price: $222.89 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 8.0%
Average Occupancy Rate: 100
Last Updated: 11/25/2018

Overview / Comments

1973 17th St. is leased to an Auto Rental Company. It includes the office, bathroom and covered prep area for 3 cars and 2 detached storage rooms. ALSO, there is an efficiency apartment on the 2nd floor whose month to month rent is paid to the Seller.

There is ample parking for both of the major Tenants. See Pdf Attachment.

Zoning is ICD - Intensive Commercial District in the City of Sarasota and 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 also across the street from UPS.

Auto rental locations are not easy to find in the City of Sarasota - this is a valuable asset!

17th St has become a very popular east to west thoroughfare in this part of the City.

Contingent Property is also for sale - 1967 17th St offered at $349,900. Seller will provide driveway easement document.

See parking PDF diagram attachment.

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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