Vibrant Income Producing Property in the Path of Development

Retail-Commercial for Sale
Catylist Listing ID: 30374341
Property Subtypes: Street Retail
Building Size (RSF): 42,612 SF
Gross Building Area: See Agent
Gross Land Area: 272,686 SF
Sale Price: $5,950,000
Unit Price: $139.63 PSF
Property Use Type: Investment
Building Name: Florida Mediation and Conference Center
Sale Terms: Cash to Seller
Cap Rate: 6.8%
Last Updated: 2/17/2019

Overview / Comments

Office/ Retail Site is located on SR 64 – a high traffic artery
This Investment Opportunity offers a strong income stream supported by a diverse tenant mix including Dunkin Donuts and locally owned and operated law firms, CPA firms, and other professionals and service providers. Occupancy is strong with potential for rent improvement.
These 42,000 +/- sf office/ retail park is in the heart of a thriving and growing retail gravity zone.
• Directly across the road is a Wal Mart Center.
• To the East is an I-Hop and Circle K Convenience Store and Gas station that just completed a remodeling.
• To the West is Gerzeny’s RV World, one of 4 locations of this RV Dealer.
• To the South, National Home Builder MI Homes purchased and is beginning site work for its 124-paired villa gated home community.
Office units designed for flexibility with many offering contiguous mirror images for easy combination.
LED Pylon Sign offers ownership the opportunity to maximize exposure of its business or tenants to the 47,000+ average cars travelling by daily.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee
Tax ID/APN: 1123400002
Zoning: GC
Property Located Between: Just Off of I-75 and fronting Manatee Avenue
Property Visibility: Excellent
Largest Nearby Street: Manatee AVenue
Tenancy: Multiple Tenants
Total Number of Buildings: 5
Number of Stories: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,585 33,663 120,189
Median Age: 31.19 46.47 42.14
Households: 1,423 14,160 46,795

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