Catylist ID: #30496597
9 Unit Strip Center 41
Retail-Commercial for Sale
Sale PendingAlso listed as Shopping Center
|Catylist Listing ID:||30496597|
|Property Subtypes:||Free-Standing Building, Retail-Pad, Street Retail, Other|
|Building Size (RSF):||8,800 SF|
|Gross Building Area:||See Agent|
|Unit Price:||$113.63 PSF|
|Property Use Type:||Investment|
|Building Name:||North Port Square|
|Sale Terms:||Cash to Seller|
Overview / Comments
American Property Group of Sarasota, Inc is proud to present, 14525 S Tamiami Trail, North Port, FL 34287:
Property type: 9 Unit Strip Center
Size: 8,800 SF
Highlights: MASSIVE PRICE REDUCTION! Sellers Are Motivated!
Located in the heart of North Port, just off the city's "Golden Mile", this 9-unit Retail Strip Center offers premium exposure to US41/Tamiami Trail with 200 front ft., excellent traffic counts and easy ingress/egress.
A recently updated exterior and partially remodeled units with a great mix of tenants, this property makes for a solid investment. Major upside potential exists as current rental rates are below market value. Only one vacant unit remains!
Please see Sales Brochure for Projected NOI for 2020. Please note that the projected NOI for 2020 does NOT include Unit #1 as being rented!
Recent upgrades include a new roof, updated signage, a freshly painted exterior, newly sealed sidewalks, new fire alarm system and more. Plenty of parking spaces for employees and customers with a private, one-way road to the rear of the property making for easy deliveries and possible truck access.
Ideally situated between North Port Blvd. and Sumter Blvd., this property is surrounded by residential rooftops with new commercial developments in the works including big-box retailers, restaurants, a new hotel, shopping, and more. Minutes from major attractions including "Warm Mineral Springs”, the new Atlanta Brave's "Cool Today Park" and less than 10 minutes to I-75. See the attached Sales Brochure for income and expenses. This area of North Port is BOOMING and will only continue to grow. Contact listing agent for your private tour today!
Visit us online at www.AmericanPropertyGroup.com to see all our listings or call (941)923-0535 at your convenience.
Attachments & Media
|Finance Data Year||2020|
|Gross Operating Income||$92,856 (Annual)|
|Net Operating Income||$67,272 (Annual)|
|Actual or Proforma Year||Proforma|
|Nearest MSA:||North Port-Sarasota-Bradenton|
|Taxing Authority:||Sarasota County|
|Property Located Between:||North Port Blvd. and Sumter Blvd.|
|Largest Nearby Street:||Tamiami Trail/US41|
|Feet of Frontage:||200|
|Highway Access:||Direct Access to US41|
|Airports:||Punta Gorda Airport - 27 miles|
|Area Description:||One of Southwest Florida's fastest-growing communitie and boasting a population of almost 69,000 people and over 3.5% growth year-over-year, North Port has cemented its place as one of Florida's most desirable communities for working-class families. With highly sought after tourist destinations such as Warm Mineral Springs and the Atlanta Brave's Spring Training facility, North Port continues to draw attention year-round. With a land area of 99.42mi² and a water area of 4.76mi², North Port offers plenty of opportunity for boating, fishing, kayaking, camping and much more! North Port is BOOMING with new developments along the US41 Corridor including both Commercial and Residential uses to support the growing population.|
|Total Number of Buildings:||1|
|Number of Stories:||1|
|Total Parking Spaces:||37|
|Zoning Description:||CG, Commercial General|
|Proximity:||1 mile||3 miles||5 miles|
Barry C SeidelAMERICAN PROPERTY GROUP MFCRE Member
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