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) |
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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