Crowder Plaza

Retail-Commercial for Sale
Sale Pending
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

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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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