High Visibility on US 41 - Joto Restaurant For Sale 1.13 acres
Retail-Commercial
for Sale
| Catylist Listing ID: |
30834460 |
| Property Subtypes: |
Car Wash, Convenience Store, Mixed Use, Restaurant, Retail-Pad
|
| Building Size (RSF): |
5,638 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.13 Acres
|
| Sale Price: |
$2,150,000 |
| Unit Price: |
$381.34 PSF |
| Property Use Type: |
Vacant/Owner-User, Business |
| Sale Terms: |
Cash to Seller, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/1/2023 |
Overview / Comments
Prime location with very high visibility on US Hwy 41. Joto restaurant has been located here for over 40 years, and is still running as a restaurant. This location is zoned General Commercial, with opportunities for retail use and services, shopping centre, and other commercial needs.
With land use of 1.13 acres and extremely close proximity to Sarasota airport, Ringling Museum, Ringling College, and high traffic count this is sure to be a great opportunity.
According to FDOT, as of 2021 between Edwards Dr to Tallevast drive, there was an AADT 38500.
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Additional Details
| Nearest MSA: |
North Port-Sarasota-Bradenton |
| County: |
Manatee |
| Taxing Authority: |
Manatee |
| Tax ID/APN: |
6842700059 |
| Zoning: |
GC - GENERAL COMMERCIAL |
| Retail Clientele: |
General |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
US 41 |
| Airports: |
SRQ/TPA |
| Site Description: |
1.13 acre plot with plenty of parking and current building structure. Plenty of paved parking. High visibility with frontage on US 41. Located right by SRQ airport. |
| Area Description: |
University Parkway, Ringling Museum, RIngling College, and SRQ all well located around the site. Access to Bradenton and Sarasota with prime site on US 41. |
| Parking Type: |
Surface |
| Legal Description: |
LOTS 1,2, N1/2 OF LOT 3, LOT 19, ALSO ALL THAT PORTION OF PINEHURST ST LYING S OF THE EXT N LN OF LOT 1, BLK 15 AND N OF EXT E-W LN OF LOT 3 BLK 15, WHICH LIES E OF U S H/W 41 & W OF BLK 15 BLK 15 BALLENTINE MANOR BAY HEIGHTS SEC ALSO IN SEC 35 35 17 PI#68427.0005/9 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,626 |
53,109 |
178,808 |
| Median Age: |
47.08 |
41.94 |
45.06 |
| Households: |
1,513 |
21,721 |
78,691 |
|
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