Rosemary District Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30742741
Property Subtypes: Street Retail
Building Size (RSF): 2,656 SF
Sale Price: $1,050,000
Unit Price: $395.33 PSF
Property Use Type: Investment
Usable Size (USF): 2,656 SF
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Average Occupancy Rate: 100
Last Updated: 8/3/2021

Overview / Comments

Located in the heart of Rosemary District, within a short walk to Main Street in Downtown Sarasota and close to Fruitville Road. Built in 2008, with an effective year of 2013 these four commercial condo units are 100% fully leased producing a net operating income of 6% cap.
Tenancy includes Calista Cabinets, James Skin, Theia Media, and Beauty Bridge Salon.
Please Do Not Disturb the Tenants.
All contacts must be made thru Michael Saunders & Co.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Submarket Type: Central Business District
Tax ID/APN: 2026122004, 2026122003, 2026122002, 2026122001
Zoning: DTE - DOWNTOWN EDGE
Retail Clientele: General
Property Located Between: SW corner of 5th Street and Central Avenue in the Rosemary District.
Property Visibility: Excellent
Largest Nearby Street: Fruitville Road
Highway Access: US-41
Airports: SRQ
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2008
Year Renovated: 2019
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,512 72,521 157,376
Median Age: 48.29 45.06 48.37
Households: 5,431 32,281 72,322
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