Investment On the Sourth Trail

Retail-Commercial for Sale
Catylist Listing ID: 30406785
Property Subtypes: Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Condo? Yes
Building Size (RSF): 1,200 SF
Sale Price: $285,000
Property Use Type: Investment
Building Name: Located in DeSears Plaza Condominiums
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 10/4/2019

Overview / Comments

This rarely available 1200sf Condo is in busy DeSear's Plaza between Simon's Restaurant and the Bread Company.

Ample Parking in front and in the rear for all the traffic that comes and goes regularly during the day.

6.5CAP

Please DO NOT DISTURB TENANT. Listing Agent must accompany all showings.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $2,588 (Annual)
Gross Operating Income $21,600 (Annual)
Net Operating Income $17,312 (Annual)
Actual or Proforma Year Actual

Current Tenants

Is Renting? Yes
Suite Number 12
SF of Space Occupied 1,200 SF
Escalations Fixed

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Submarket/Township: Sarasota CBD
Submarket Type: Central Business District
Taxing Authority: Sarasota County
Tax ID/APN: PID 0103041012
Is Condo?: Yes
Zoning: CG - COMMERCOIAL GENERAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
Property Located Between: Proctor Rd and Stickney Point
Property Visibility: Excellent
Largest Nearby Street: Stickney Point
Airports: SRQ
Site Description: DeSear's Plaza
Area Description: Located next to Simon's Restaurant
Number of Stories: 1
Typical SF / Floor: 1,200 SF
Year Renovated: 2019
Parking Type: Surface
Zoning Description: CG - Commercial General
Legal Description: PID 0103041012

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,418 58,103 129,180
Median Age: 57.73 51.98 51.98
Households: 4,908 28,644 62,257

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