DTE Development Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30824706
Property Subtypes: Free-Standing Building
Building Size (RSF): 5,500 SF
Gross Building Area: See Agent
Sale Price: $1,600,000
Unit Price: $290.91 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2022

Overview / Comments

This stand-alone building is in a location experiencing tremendous growth. Located in the Park East District. The site is situated on Lime Ave. just north of Fruitville Road and within walking distance of the several offices, mixed use developments, restaurants, etc. The site can be purchased for mixed use development or continued use of the commercial building on site.

The mixed use development will allow for a multitude of uses, including office, medical, retail, restaurant and multi-family. The future zoning will allow 100 units per acre and up to 5 stories. Several sites in the area are scheduled for redevelopment.

Currently this building is being used as a retail location and features a full kitchen, 2 ADA compliant bathrooms, multiple rooms and a 500-sf warehouse in the back. A fully fenced garden could be used as extra parking in addition to the street parking already available. Large oak trees and a retention pond add to the appeal of this property along with its location close to downtown.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Zoning: DTE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,904 91,570 172,093
Median Age: 35.39 45.63 47.94
Households: 6,963 41,053 78,584

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