Freestanding Educational Facility on 2.2+ AC

Retail-Commercial for Sale
Catylist Listing ID: 30049789
Property Subtypes: Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 13,942 SF
Gross Building Area: See Agent
Gross Land Area: 93,218 SF
Sale Price: $1,649,000
Unit Price: $118.28 PSF
Property Use Type: Vacant/Owner-User
Building Name: East West College of Medicine
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/13/2019

Overview / Comments

Currently East West College of Medicine, this two-story freestanding building is nicely situated on approximately 2.25AC of NT zoned land. Originally constructed in 1986 this 13,942SF building enjoys a massive 277.54' of frontage on Tamiami Trail/US41.

This commercial building has a covered drive up/drop off and inviting entryway with fishtanks built into the walls. Upstairs houses the larger classrooms which can be combined into one large room for presentations or screenings. Downstairs there are many administrative offices, classrooms, and larger lab rooms for demonstrations and hands on learning. The cafeteria leads into an outdoor deck addition and back to the entrance.
The subject property is a well located with excellent frontage along U.S. 41 (North Tamiami Trail) near Ringling Museum, University of South Florida, New College and Ringling School of Art & Design. Neighborhood retail includes a neighborhood Walmart, CVS Drug Store and several gas and convenient stores.
Located just to the South of SRQ Airport and University Parkway. Just a few short minutes to the vibrant and growing Downtown Sarasota and the busy yet beautiful St. Armands.

+/- 104 Parking Spaces

Approximately 9 miles from I-75

2016 Taxes: $25,578.78

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2004150052
Zoning: NT
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: Myrtle Street and 40th Street
Property Visibility: Excellent
Largest Nearby Street: Tamiami Trail/University Parkway
Feet of Frontage: 277
Traffic/Vehicle Count: 39,000
Airports: SRQ
Number of Stories: 2
Year Built: 1986
Total Parking Spaces: 104
Parking Type: Surface
Zoning Description: North Trail (NT) which permits 35 feet height and 35-units per acre plus office, retail, restaurant and hotel.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,461 58,506 158,913
Median Age: 37.61 45.11 47.32
Households: 4,127 25,698 71,397


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