99 Room Hotel by Sarasota Memorial Hospital

Retail-Commercial for Lease
Catylist Listing ID: 30583259
Property Subtypes: Free-Standing Building, Mixed Use, Other
Contiguous Space: 47,099 SF
Building Size (RSF): 47,099 SF
Gross Building Area: See Agent
Gross Land Area: 2.26 Acres
Lease Rate: See Agent
Lease Types: See Agent
Usable Size (USF): 47,099 SF
Last Updated: 5/19/2020

Overview / Comments

Opportunity to purchase operational 99 room Baymont by Windham hotel with plans in place to develop a Sheraton flag hotel. May also be converted to corporate housing to fill strong need of ever developing downtown and county of Sarasota. 

This opportunity is located on S. Tamiami Trail (US 41) - walking distance to restaurants, shops and Sarasota Memorial Hospital main campus. Very close to Selby Botanical Gardens, downtown Sarasota. Only 15 minutes to Sarasota-Bradenton International Airport (SRQ), St. Armand's Circle, Lido Key, Longboat Key, Siesta Key and easy access to US 301 and I-75.

The property features 99 accommodating guest rooms with desks, flat screen TVs and coffeemakers. Amenities include an expansive heated outdoor pool with patio lounging area, business center, fitness room, large meeting room for events, breakfast area, laundry service and ample parking.

Expand All Available Space

Suite: 1425 47,099 SF See Agent
Space Available: 47,099 SF
Lease Rate: See Agent
Lease Type: NNN
Date Available: 3/11/2020
Lease Term: 60 Months
Space Type: New
Parking Spaces 118
Tax Expenses $97,946 PSF (Annual)

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2035050042
Zoning: RESIDENTIAL MULTI-FAMILY (18-RMF4)
Property Located Between: Prospect and Floyd Streets
Property Visibility: Good
Largest Nearby Street: S Tamiami Trail
Feet of Frontage: 356
Traffic/Vehicle Count: 60,000
Highway Access: 6.3 miles to I-75 (17 minutes)
Airports: Sarasota-Bradenton International Airport (SRQ)
Site Description: This site sits just east of U.S. 41, adjacent (across the street) to Midtown Plaza retail center. Paved access from Prospect and Floyd Streets, as well as East Avenue and S. Tamiami Trail.
Area Description: This opportunity is located on S. Tamiami Trail (US 41) - walking distance to restaurants, shops and Sarasota Memorial Hospital main campus. Very close to Selby Botanical Gardens, downtown Sarasota. Only 15 minutes to Sarasota-Bradenton International Airport (SRQ), St. Armand's Circle, Lido Key, Longboat Key, Siesta Key and easy access to US 301 and I-75.
Total Number of Buildings: 4
Number of Stories: 3
Property Condition: Good
Year Built: 1967
Year Renovated: 1995
Roof Type: Mansard
Construction/Siding: Stucco
Exterior Description: Office and both wings of the main building were built with masonry or poured concrete load bearing walls with stucco exterior. Mansard-style tile roof. The 768 SF Commercial outbuilding was constructed similarly, with a low pitched shed-style shingled roof.
Parking Type: Surface
Parking Description: 118 parking spaces, plus 5 handicap spaces, surround the perimeter of the buildings.
Passenger Elevators: 3
Air Conditioning: Window Unit
Interior Description: Currently being run as a hotel - Baymont by Windham.
Zoning Description: Residential Multi-Family (18-RMF4)
Lot Frontage: 356 ft.
Lot Depth: 276 ft.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,143 90,330 169,694
Median Age: 46.5 45.68 48.32
Households: 6,108 40,554 78,457

Contact

Photograph of Listing Agent

Amy Lyon MacDougall

IAN BLACK REAL ESTATE LLC MFCRE Member
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