Independence Plaza

Shopping Center for Sale
Sale Pending/Contingent
Catylist Listing ID: 30790360
Property Subtypes: Strip Center
Status: Pending/Contingent
Building Size (RSF): 11,691 SF
Gross Land Area: 43,493 SF
Sale Price: $1,600,000
Unit Price: $136.86 PSF
Property Use Type: Investment
Building Name: Independence Plaza
Usable Size (USF): 11,691 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 4/18/2022

Overview / Comments

Independence Plaza is a 100% occupied retail center on Tamiami Trail (US-41) just south of the Venice By-pass and north of Jacaranda Blvd. Some tenants include Pearle Vision, Truly Nolen Pest Control, Cia Bella Salon, Reliable Tax Service, Premier Hearing Center and Karats Jewelry. The plaza is just 2 miles west of fast growing West Villages/Wellen Park a master-planned community developed by Mattamy Homes. About 10,000 people reside in Wellen Park and approximately 6,000 homes have already been sold. When the area is built-out the population should be more than 60,000 people in 22,000 homes.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0450060006
Retail Clientele: General
Property Located Between: South of Spotlight Theaters; Across from BOA
Property Visibility: Excellent
Feet of Frontage: 212
Traffic/Vehicle Count: 41,000
Property Condition: Good
Year Built: 1987
Year Renovated: 2005
Roof Type: Mansard
Construction/Siding: Stucco
Exterior Description: Masonry/Stucco
Parking Type: Surface
Total Parking Spaces: 50

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,340 40,918 69,881
Median Age: 49.9 57.77 60.84
Households: 4,283 20,345 35,635


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