Opportunity Zone! The most Visible Corner in Downtown Sarasota!

Retail-Commercial for Sale
Catylist Listing ID: 30706557
Property Subtypes: Mixed Use
Building Size (RSF): 104,506 SF
Gross Building Area: See Agent
Gross Land Area: 2.80 Acres
Sale Price: $19,500,000
Unit Price: $186.59 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 2/15/2021

Overview / Comments

Opportunity Zone! The most Visible Corner in Downtown Sarasota!! This site is located at the corner of Main Street and US 301 and serves as the primary entrance to downtown Sarasota. In the path of development. This DTC zoned site is adjacent to a newly planned project consisting of 400 plus apartments. Excellent signage! Pylon sign at the corner of US 301 and Frutiville. Building signage along US 301 and Main Street. Exceptional ingress/egress with access to four lighted intersections. Easy access to all of Sarasota county, yet within walking distance of all downtown amenities.

Approximately 104,506 s/f of building situated on a 2.8 acre site. Adjacent to an 800 + parking garage. Easement for use of 211 parking spaces in the garage. The front portion of the building is occupied by Regal Theaters, Seaside Bank, and Bravo Pizza. Long term leases in place for occupants in the front portion of the building.

The rear portion of the building, consisting of approximately 27,000 s/f on about a one acre parcel, is vacant and ready for occupancy and/or redevelopment. This portion of the building can be renovated or demolished and completely redeveloped. The uses for the site include general office, medical office, retail, hotel, etc.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2027010005

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,403 85,729 167,989
Median Age: 41.53 44.99 47.91
Households: 6,284 38,072 76,902

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