San marco unit 104

Retail-Commercial for Sale
Catylist Listing ID: 30759024
Building Size (RSF): 544 SF
Gross Building Area: 91,000 SF
Sale Price: $139,900
Unit Price: $257.17 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: San Marco
Usable Size (USF): 544 SF
Sale Terms: Cash to Seller
Cap Rate: 5.5%
Last Updated: 5/25/2023

Overview / Comments

Excellent exposure directly on Tamiami Trail (Rt. 41), in the much sought after mixed use San Marco building. Fantastic signage in 3 locations, and a daily traffic count of more than 36,000. The building has convenient private and separate parking for the commercial and residential units. Current tenant has leased the unit sense 2012, renews every two years and currently leased through September 2023. Currently being used as a hair salon with 3 chairs. With numerous high end residential projects recently completed, and many more currently under construction or in the approval process, Sarasota is booming. This is an ideal opportunity to take advantage of tremendous upside to pricing power as the area continues to grow.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota
Tax ID/APN: 0000008415
Zoning: CRD
Retail Clientele: Other
Property Located Between: 11th and 12th street.
Property Visibility: Excellent
Largest Nearby Street: Tamiami Trail (US41)
Highway Access: Tamiami Trail (US41)
Airports: SRQ
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 6
Property Condition: Excellent
Year Built: 2006
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Three chair hair salon.
Zoning Description: CRD
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,093 64,130 153,867
Median Age: 40.76 44.33 48.14
Households: 5,819 28,080 70,221


Photograph of Listing Agent

Jim M Moynihan

MFCRE Member
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