Catylist ID:
#30833865
POTENTIAL 8%+ CAP RATE: 4000 Sq. Ft. . SUPER BUSY STRIP MALL
Retail-Commercial
for Sale
| Catylist Listing ID: | 30833865 |
| Property Subtypes: | Convenience Store, Day Care Facility, Mixed Use, Post Office, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other |
| Building Size (RSF): | 4,040 SF |
| Gross Building Area: | 4,000 SF |
| Gross Land Area: | 5,280 SF |
| Sale Price: | $241.34 PSF |
| Total Price: | $975,013 |
| Property Use Type: | Investment, Vacant/Owner-User |
| Building Name: | FAMILY PHARMACY |
| Usable Size (USF): | 4,000 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/31/2023 |
Overview / Comments
|
INVESTORS LOOKING FOR AN 8% + POTENTIAL CAP RATE UNDESIGNATED OPEN PARKING AS A FORMER COMPOUNDING PHARMACY STILL WITH BUILT INS, THIS CAN EASILY BE CONVERTED TO A DISPENSARY, Consignment Shop, OPEN SHOWROOM, OFFICE, RESTAURANT, OR ANY TYPE OF CG RETAIL SPACE.. THIS IS A VERY ACTIVE, WELL KNOWN AND FULLY OCCUPIED SHOPPING CENTER AT A BUSY INTERSECTION IN THE HEART OF SARASOTA, FLORIDA. EASILY ACCESSABLE AND VERY WELL KNOWN TO ALMOST ALL RESIDENTS AND BUSINESS PEOPLE IN SARASOTA GREAT FOR A USER OR INVESTOR. { at $20/sqft this would be an easy 8% Cap Rate} |
Additional Details
| Nearest MSA: | North Port-Sarasota-Bradenton |
| County: | Sarasota |
| Taxing Authority: | SARASOTA COUNTY |
| Tax ID/APN: | 0061040011 |
| Zoning: | CG |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Recreation |
| Property Located Between: | WEBBER/BENEVA RD (SOUTHEAST CORNER) |
| Property Visibility: | Excellent |
| Largest Nearby Street: | BENEVA RD & WEBBER STREET |
| Highway Access: | 10 MINUTES WITH TRAFFIC TO I 75 OR US41 |
| Airports: | 15 MINUTES |
| Site Description: | IN THE HEART OF SARASOTA AND MANY RESEDENTIAL NEIBORHOODS. AT A VERY BUSY INTERSECTION WITH 4 CORNERS OF ACTIVE COMMERCIAL CENTERS. |
| Area Description: | ALL 4 CORNERS OF THIS BUSY INTERSECTION ARE FILLED RETAIL CENTERS. THE SURROUNDING AREA IS DENSLY POPULATED RESIDENTIAL CONDO'S APPARTMENTS AND HOMES |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Average |
| Year Built: | 1977 |
| Roof Type: | Flat |
| Construction/Siding: | Block, Brick, Stucco |
| Exterior Description: | STOREFRONT |
| Parking Type: | Surface |
| Parking Description: | OPEN CENTER PARKING |
| Sprinklers: | None |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Engineered System, Package Unit |
| Interior Description: | READY FOR ANYTHING UTILIZING CG ZONING. NOW BUILT OUT AS A RETAIL COMPOUNDING PHARMACY |
| Zoning Description: | CG |
| Lot Frontage: | 40' |
| Lot Depth: | 132' |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements Description: | Access to a breezeway about 25 feet away and additional rear of center parking |
| Legal Description: | LOT 14 &15 & 6% INT IN PRIVATE ACCESS AREA BLK 157 SOUTH GATE UNIT 36 |
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
Theodore SimonPreferred ShoreMFCRE Member |
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