Dramatic Price Reduction for rare Retail Unit

Retail-Commercial for Sale
Catylist Listing ID: 30659290
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 4,000 SF
Gross Building Area: 4,040 SF
Gross Land Area: 5,280 SF
Sale Price: $610,000
Unit Price: $152.50 PSF
Property Use Type: Vacant/Owner-User
Building Name: Family Pharmacy
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/3/2021

Overview / Comments

Located in the heart of Sarasota, this 4,000 sq. ft. retail building has been a pharmacy for many years, but could easily be converted to office or a retail showroom. Property is now vacant, and seller is going through A/C systems to make sure everything is in proper order for the next owner. This is a rare opportunity to own in the same complex as The Parrot Bar & Grill, Forest Lake Animal Clinic, The Medical Department Store and more.

Currently the space is set up as a main sales/display area, along with a several private offices, small server room, and 2 restrooms. Main pharmacy production occurs in two large glass walled work areas, and a huge 10’x40’ compounding room. Towards the rear of the space there is a break area and storage space for inventory or files, along with a 3-room area in rear of unit that was designed and previously used as a sterile work area.

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0061040011
Zoning: CG
Retail Clientele: General, Family
Property Visibility: Good
Largest Nearby Street: Beneva Rd
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1977
Roof Type: Flat
Parking Type: Surface
Parking Description: Parking in front and rear; in common with other owners in complex
Sprinklers: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,247 106,729 176,071
Median Age: 48.58 46.2 48.33
Households: 7,250 48,277 80,565

Contact

Photograph of Listing Agent

Roberta J Kolton Cera

MICHAEL SAUNDERS & COMPANY MFCRE Member
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