REDUCED AGAIN! Great Value Add Opportunity In Gulf Gate

Office for Sale
Catylist Listing ID: 30499092
Property Subtypes: Executive Suites, Medical, Mixed Use, Office Building, Research & Development
Building Size (RSF): 6,523 SF
Gross Building Area: See Agent
Sale Price: $575,000
Unit Price: $88.15 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/18/2019

Overview / Comments

PRICE REDUCED AGAIN! Great building in good condition - with potential for value add at +/- $88 sf ask!

The building consists of 7 suites including 18 office spaces - ideal individual suites for CPA, title company, law firm, architect etc etc. Ample parking to both front and rear of building.

Also suitable for retail uses, given CG zoning!

Current rent roll is +/- $60,000 a year, with many tenants paying well under market rent and on month to month tenancies. Also tenant mix could be improved as many individual offices currently rented, as opposed to full office suites.

Seller financing available on mutually agreeable terms!

Come along and take a look to see what you or your client could do with the space!

All information regarding the property, including but not limited to financial information and projections (e.g., cap rates and valuations) are based on information from a variety of sources including but not limited to public records and owner-provided data. While information is believed accurate, neither the listing agent or broker make any representation or warranty as to its veracity and completeness, and you should not rely upon it without conducting your own due diligence.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota
Tax ID/APN: 0104080013
Zoning: CG
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1973
Construction/Siding: Block
Parking Type: Surface
Air Conditioning: Engineered System
Zoning Description: Commercial General
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,963 62,686 123,419
Median Age: 50.04 53.54 52.55
Households: 5,618 31,203 59,372

Contact

Photograph of Listing Agent

Ivan J Gould, PA

RE/MAX ALLIANCE GROUP
MFCRE Member
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