PALMER CROSSING RETAIL CENTER

Retail-Commercial for Sale
Catylist Listing ID: 30395191
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail
Building Size (RSF): 5,670 SF
Gross Land Area: 25,415 SF
Sale Price: $925,000
Unit Price: $163.14 PSF
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 5,670 SF
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 5/17/2019

Overview / Comments

Multi-Tenant Retail Center located at Palmer Crossing Shopping Center. Building located on Land Lease property with 83 years remaining on lease. 5 Units with a NOI of $73,621.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0095040016
Zoning: CG
Retail Clientele: General, Business
Property Located Between: Honore Ave & I-75
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2004
Construction/Siding: Block
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Land Lease

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,564 62,299 143,165
Median Age: 51.23 49.43 50.1
Households: 3,055 28,856 66,183

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