Catylist ID:
#30849545
| Catylist Listing ID: | 30849545 |
| Property Subtypes: | Street Retail |
| Building Status: | Under Construction |
| Contiguous Space: | 1,505 - 1,582 SF |
| Total Available: | 6,232 SF |
| Gross Building Area: | 6,232 SF |
| Lease Rate: |
$45 PSF (Annual) |
| Base Monthly Rent: | $5,643 - 5,932 |
| Lease Types: | NNN |
| Building Name: | Sugar Palm Court |
| Last Updated: | 9/15/2023 |
Overview / Comments
|
Prime opportunity to lease newly renovated retail space on prestigious Palm Ave in the heart of downtown Sarasota. Sugar Palm Court will benefit from a new courtyard setting which will be a unique addition to the retail mix on Palm Avenue. Outside seating will be provided for the benefit of new tenants. This location lends itself to a carefully curated tenant mix that will provide a distinctive "sense of place". Tenant responsible for: -NNN prorated costs (including CAM) expected to be in the $10 psf range annually. -State of Florida sales tax -Utilities -Base rent increase 4% annually -Tenant's insurance policy -Security deposit plus first and last month's rent -Tenant to sign lease Guaranty personally and corporately -3-year minimum lease...longer is better. |
Attachments & Media
Expand All 4 Spaces Available
| Suite: 46 S Palm Ave | 1,505 SF | $45 PSF (Annual) NNN |
| Suite: 48 S Palm Ave | 1,582 SF | $45 PSF (Annual) NNN |
| Suite: 50 S. Palm Ave | 1,582 SF | $45 PSF (Annual) NNN |
| Suite: 52 S Palm Ave | 1,563 SF | $45 PSF (Annual) NNN |
Additional Details
| Nearest MSA: | North Port-Sarasota-Bradenton |
| County: | Sarasota |
| Taxing Authority: | City of Sarasota and Sarasota County |
| Tax ID/APN: | 2027050034 |
| Zoning: | DTB (DOWNTOWN BAYFRONT) |
| Retail Clientele: | General, Business |
| Property Located Between: | Main Street and Ringling |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Main Street |
| Airports: | SRQ 20 minutes |
| Area Description: | Heart of Downtown Sarasota |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Year Built: | 1959 |
| Year Renovated: | 2023 |
| Roof Type: | Flat |
| Exterior Description: | Renovation in process. |
| Parking Type: | Surface |
| Parking Description: | 3 designated spaces per retail unit located on rear alley accessible via Main Street |
| Sprinklers: | None |
| Heat Type: | Electricity |
| Heat Source: | Ceiling Units |
| Air Conditioning: | Package Unit |
| Interior Description: | Landlord will deliver a white box. |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Utilities |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,847 | 75,784 | 154,700 |
| Median Age: | 50.18 | 45.31 | 48.28 |
| Households: | 5,486 | 33,886 | 71,377 |
Contact
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