1503 & 1525 4th St.

Retail-Commercial for Sale
Catylist Listing ID: 30785964
Property Subtypes: Restaurant, Street Retail
Building Status: Proposed
Building Size (RSF): 20,468 SF
Gross Building Area: See Agent
Gross Land Area: 43,050 SF
Sale Price: $7,500,000
Unit Price: $366.43 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/16/2022

Overview / Comments

These retail parcels contain the well-known Station 400 restaurant as well as the retail strip just to the east consisting of the new Oasis Restaurant and Bar, the established Blue Rooster Bar and Venue, and the Vin Cella high-end wine storage facility. For more info regarding lease rates and expirations please execute the electronic Confidentiality Agreement by clicking on the documents tab to access the rent roll. The Seller of the property is also the operator of the Blue Rooster and is willing to consider including selling the business as a part of the deal as well. The entire site totals 45,302 SF or 1.04 acres. Should the Buyer wish to develop the site down the road, this allows for 41 units by right according to DTE zoning however the Rosemary District Overlay gives the potential for added density if certain requirements are met for affordable housing.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2026110086 & 2026110089
Zoning: DTE
Property Visibility: Excellent
Largest Nearby Street: Lemon Ave
Highway Access: US 41 (Tamiami Trail)
Airports: SRQ
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Year Renovated: 2008
Parking Type: Other
Parking Description: Street Parking
Zoning Description: DTE (Downtown Edge)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,512 75,553 158,339
Median Age: 48.29 45.06 48.32
Households: 5,431 33,745 72,817
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