Unique Mixed Use Property on Ground Lease

Retail-Commercial for Sale
Catylist Listing ID: 30657731
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 9,907 SF
Gross Building Area: See Agent
Sale Price: $1,500,000
Unit Price: $151.41 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 10/21/2020

Overview / Comments

For Sale or Lease this mixed use building can be used as existing restaurant/bar build out, or can converted to your creative use. Three floors with two currently configured as a restaurant & two separate outdoor patios (makes a great venue space). End user can get the benefit of existing full kitchen, and other miscellaneous equipment. The property is under a ground lease, with 37 years remaining on the initial term. Lots of development happening in this surrounding area.

Disclaimer: The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2025130055
Zoning: CRD - COMMERCIAL RESIDENTIAL DISTRICT
Property Visibility: Excellent
Largest Nearby Street: Tamiami Trail
Total Number of Buildings: 1
Number of Stories: 3

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,198 71,118 155,482
Median Age: 42.1 44.8 48.2
Households: 5,659 31,516 71,122

Contact

Photograph of Listing Agent

Jason D'Agostino

PREFERRED SHORE MFCRE Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.