Redevelopment Opportunity!
Retail-Commercial
for Sale
| Catylist Listing ID: |
30136628 |
| Property Subtypes: |
Free-Standing Building, Street Retail
|
| Building Size (RSF): |
8,694 SF
|
| Gross Land Area: |
0.48 Acres
|
| Sale Price: |
$1,490,000 |
| Unit Price: |
$171.38 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
Fulton Building |
| Usable Size (USF): |
8,694 SF |
| Sale Terms: |
Cash to Seller |
| Last Updated: |
8/31/2020 |
Overview / Comments
Excellent mixed use redevelopment opportunity that offers high visibility on busy Washington Blvd. (US 301) with an average daily traffic count of 31,000 vehicles. The property consists of 9 units in one single story retail strip center.
There are a broad variety of uses allowed in the City of Sarasota's Downtown Edge zoning (DTE) – the highest and best use being residential over office/retail.
|
Additional Details
| Nearest MSA: |
North Port-Sarasota-Bradenton |
| County: |
Sarasota |
| Tax ID/APN: |
2027090013 |
| Zoning: |
DTE |
| Retail Clientele: |
General, Business |
| Property Located Between: |
Fruitville Road and Mound Street |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Washington Blvd (US 301), south of Fruitville Rd |
| Feet of Frontage: |
144 |
| Traffic/Vehicle Count: |
31,000 |
| Highway Access: |
I-75 is seven (7) miles to the east via Fruitville Rd. |
| Airports: |
SRQ |
| Site Description: |
Located along Washington Blvd (US 301) and south of Fruitville Rd near the downtown core. Interstate 75 is seven (7) miles to the east via Fruitville Rd and SRQ airport is 10 minutes north via Washington Blvd (US 301). |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Year Built: |
1948 |
| Total Parking Spaces: |
25 |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
14,904 |
86,502 |
170,897 |
| Median Age: |
43.89 |
45.56 |
48.21 |
| Households: |
6,806 |
38,720 |
78,769 |
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