Multi-Unit Siesta Dr. Property For Sale

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30759944
Property Subtypes: Street Retail
Status: Pending/Contingent
Building Size (RSF): 1,200 SF
Gross Building Area: 3,849 SF
Sale Price: $685,000
Unit Price: $570.83 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 3,499 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2021

Overview / Comments

Multi-unit Investment/Owner User Opportunity on Siesta Dr. The building consists of two separate retail/office spaces totaling 3,499 sf. The property is ideally located directly across the street from Westfield Siesta Key, and near the heavily traveled intersection of Siesta Dr. and US 41. Suite 2139 is approximately 1,200 sf, and suite 2143 is approximately 2,300 sf. The units are contiguous and could be combined to create one 3,500 sf space.

This property offers the unique investor/owner user possibility for one to occupy the entire building, or occupy one of the suites and generate rental revenue from the other suite. Additionally, the property would generate great cash flow as an investment property.

This building offers incredible visibility and signage facing high volume traffic on Siesta Dr. This is an amazing retail location near Siesta Key, the popular Southgate community, and Downtown Sarasota.

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Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0057120025
Zoning: CG - COMMERCIAL GENERAL
Retail Clientele: General, Business
Property Located Between: US 41 & Shade Ave
Property Visibility: Excellent
Number of Stories: 1
Property Condition: Excellent
Year Built: 1964
Parking Type: Surface
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,723 86,716 166,953
Median Age: 46.49 49.36 48.89
Households: 4,997 41,306 77,556
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