Catylist ID: #30353557
INVESTOR OR OWNER/USER
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|
|Unit Price:||$154.11 PSF|
|In Opportunity Zone?||Yes|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
Overview / Comments
Excellent Occupancy history because automotive sites are difficult to find in Sarasota, especially with direct frontage on a major East-West traffic artery. And this one is convenient to the Downtown Core, SRQ and I-75.
Tenant rents 2 buildings. The front building, 1050sf & built in 2015, has 2 bays with the Tenant's hoists, 16ft clearance. He also rents the rear building, 1020sf, 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.
This is great opportunity to Buy a property that is basically trouble free on auto pilot. Current Tenant’s lease is from 2015 to Oct. 2019 although he has assured the Seller he wants to renew. The Lease requires option years to be negotiated with the Buyer. Rent increase Potential.
Adjacent property (Auto Rental) also for sale offered at $298,900. +/- 2 years left on the lease.
Easement Document will be provided by the Seller.
Attachments & Media
|Nearest MSA:||North Port-Sarasota-Bradenton|
|Submarket Type:||Central Business District|
|Taxing Authority:||City of Sarasota|
|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|
|Largest Nearby Street:||N Washington Blvd|
|Feet of Frontage:||100|
|Highway Access:||I-75 is 12- 15 minutes east.|
|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.|
|Number of Stories:||3|
|Total Parking Spaces:||29|
|Parking Description:||See Photos|
|Interior Description:||SEE OVERVIEW|
|Zoning Description:||ICD - Intensive Commercial District|
|Legal Description:||1967 17th St - LOT 17 BLK H CITY PARK 1973 17th St - LOT 19 BLK H CITY PARK|
|Proximity:||1 mile||3 miles||5 miles|
Marcia CuttlerAMERICAN PROPERTY GROUP MFCRE Member
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