Catylist ID:
#30798878
| Catylist Listing ID: | 30798878 |
| Property Subtypes: | Retail-Pad, Street Retail, Other |
| Status: | Pending |
| Building Size (RSF): | 25,012 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 4.18 Acres |
| Sale Price: | $8,750,000 |
| Unit Price: | $349.83 PSF |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/16/2022 |
Overview / Comments
|
This is a rare investment opportunity to acquire an established retail shopping center in Lakewood Ranch. The center is shadow anchored by a 30,000 sf Ace Hardware and gift store. Excellent visibility and signage on Lakewood Ranch Blvd. Under market rents which provides for high upside potential and priced under the replacement/land value. High residential growth area minutes from the Fort Hammer Bridge junction to Parrish Community and north end of Lakewood Ranch. 5.8% Cap rate $350/sf Annual rent escalations. 4.179 Acres |
Attachments & Media
Additional Details
| Nearest MSA: | North Port-Sarasota-Bradenton |
| County: | Manatee |
| Tax ID/APN: | 567810709 |
| Property Located Between: | High visibility on Lakewood Ranch Blvd. |
| Property Visibility: | Excellent |
| Tenancy: | Multiple Tenants |
| Property Condition: | Good |
| Parking Type: | Surface |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,555 | 18,854 | 79,721 |
| Median Age: | 63.57 | 46.22 | 47.61 |
| Households: | 728 | 7,550 | 32,987 |
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