INVESTORS TAKE NOTICE - 100% LEASED

Retail-Commercial for Sale
Catylist Listing ID: 30353557
Property Subtypes: Mixed Use, Vehicle Related, Other
Building Size (RSF): 2,070 SF
Gross Building Area: See Agent
Gross Land Area: 7,223 SF
Sale Price: $349,900
Unit Price: $169.03 PSF
Ceiling: 16 ft.
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 0.08%
Average Occupancy Rate: 100
Last Updated: 11/25/2018

Overview / Comments

1967 17th St is leased to an Auto Repair company and occupies 2 buildings. Tenant has been there since 2015. The front building has 2 bays with the Tenant's hoists and a work area with a 16ft clearance. It was built in 2013 and is +/-1050sf. He also rents the rear building which has 2 Bays, and has an office and a bathroom with a shower. The hoist in the rear building is included in the sale. The rear building was built in 1979 and is +/-1020sf

See Pdf Attachment for parking diagram.

Zoning is ICD - Intensive Commercial District in the City of Sarasota and is located directly behind (west)the HOB NOB restaurant and across the street (north) of Wendy's which are both on the corner of N. Washington Blvd and 17th St. and also across the street from UPS

Auto Repair locations are very difficult to locate in Sarasota, making this property very valuable.

17th St has become a very popular east to west thoroughfare in this part of the City so Visibility for the Tenant is excellent.

Contingent lot is also available For Sale - 1973 17th St. offered at $349,900. Seller will provide easement document for shared drive way.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Submarket Type: Central Business District
Taxing Authority: City of Sarasota
Tax ID/APN: 2024160018
Zoning: ICD - INTENSIVE COMMERCIAL DISTRICT
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
Property Located Between: Behind the Hob Nob restaurant at N. Washington Blvd and 17th Street
Property Visibility: Excellent
Largest Nearby Street: N Washington Blvd
Feet of Frontage: 100
Highway Access: I-75 is 12- 15 minutes east.
Airports: Sarasita-Bradenton
Area Description: This property is located directly behind (west) the HOB NOB restaurant and across the street (north) of Wendy's which are both on the corner of N. Washington Blvd and 17th St. and across the street from UPS. 17th St has become a very popular east to west thoroughfare in this part of the City.
Tenancy: Multiple Tenants
Number of Stories: 3
Property Condition: Good
Total Parking Spaces: 29
Parking Type: Surface
Parking Description: See Photos
Interior Description: SEE OVERVIEW
Zoning Description: ICD - Intensive Commercial District
Lot Frontage: 100
Lot Depth: 144.5
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 1967 17th St - LOT 17 BLK H CITY PARK 1973 17th St - LOT 19 BLK H CITY PARK

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,751 81,139 169,446
Median Age: 33.04 44.97 47.61
Households: 5,730 36,054 76,869

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