Investment On the South Trail

Retail-Commercial for Sale
Catylist Listing ID: 30406785
Property Subtypes: Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Condo? Yes
Building Size (RSF): 1,211 SF
Gross Building Area: See Agent
Sale Price: $285,000
Property Use Type: Investment
Building Name: Located in DeSears Plaza Condominiums
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Last Updated: 9/25/2020

Overview / Comments

American Property Group of Sarasota, Inc is proud to present, 5900 S Tamiami Trail, Unit: 12, Sarasota, FL 34231:

Property type: Mixed Use, Restaurant, Retail-Pad, Street Retail, Other

Zoning: CG

Building Size: 1,285 - 1,300 SF

Highlights: This rarely available 1,200 SF 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. Overhead and walk-in doors. Great Windows for Neon Signage.

Please do not disturb the Tenant. Listing Agent must accompany all showings.

Visit us online at www.AmericanPropertyGroup.com to see all our listings or call (941)923-0535 at your convenience.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $2,588 (Annual)
Gross Operating Income $21,600 (Annual)
Net Operating Income $14,185 (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
Property Condition: Good
Year Renovated: 2019
Construction/Siding: Block
Exterior Description: Great Windows for Neon Signage
Parking Type: Surface
Parking Description: Open
Interior Description: Reception room and then large open floor plan.
Zoning Description: CG - Commercial General
Water Service: Municipal
Sewer Type: Municipal
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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