Rosemary District Development Opportunity!

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Vacant Land
Catylist Listing ID: 30730656
Property Subtypes: Free-Standing Building, Street Retail
Status: Pending/Contingent
Building Size (RSF): 22,773 SF
Gross Land Area: 1.11 Acres
Sale Price: $4,900,000
Unit Price: $215.17 PSF
Property Use Type: Investment
Usable Size (USF): 22,773 SF
Sale Terms: Cash to Seller
Last Updated: 6/10/2021

Overview / Comments

This property sits in the very heart of the Rosemary District in Downtown Sarasota. The three-parcel assemblage is located at the NW hard corner of Central Ave and the Blvd of the Arts (BOTA). It consists of three separate free-standing buildings (two side by side, one 2-story and one 1-story) and one single-story building across the street to the south. All of the buildings have tenancy.
Please Do Not Disturb the Tenants.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2026050098, 2026120008, 2026050100
Zoning: DTE - DOWNTOWN EDGE
Property Located Between: Florida and Central Avenues
Largest Nearby Street: Fruitville Road
Highway Access: US-41/N. Tamiami Trail
Airports: SRQ
Site Description: This three parcel assemblage sits at the NW hard corner of Central Ave and the Blvd of the Arts (BOTA). It consists of three separate free-standing buildings (two side by side) and one across the street to the south. All of the buildings have tenancy. Please Do Not Disturb the Tenants.
Area Description: These three parcels are in the direct center of the Rosemary District on the north side of downtown Sarasota. Two of the three parcels (1361, and 1371/1391 BOTA) are at the NW corner of Central Ave. And sit contiguous to the south of the Sarasota School of Arts + Sciences. The third parcel (1370 BOTA) is across the street to the south. And will be contiguous to the west of the newly acquired land for the Rosemary District's pocket park (https://www.rosemarydistrictassociation.org/park).
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Exterior Description: There are three parcels, each improved as follows: 1361 Blvd of the Arts, 2-story structure, 4,298 SF 1370 Blvd of the Arts, 1-story structure, 4,000 SF 1371-1391 Blvd of the Arts, 1-story structure, 14,475 Total SF
Parking Type: Surface
Parking Description: Includes street parking

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,200 72,521 157,955
Median Age: 46.02 45.06 48.46
Households: 4,549 32,281 72,682
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