LOCATION! LOCATION! LOCATION! SURROUNDED BY CREDIT TENANTS

Retail-Commercial for Sale
Catylist Listing ID: 30712584
Property Subtypes: Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Service Station/Gas Station, Other
Building Size (RSF): 6,535 SF
Gross Building Area: See Agent
Gross Land Area: 1.84 Acres
Sale Price: $1,899,000
Unit Price: $290.59 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 6.26%
Average Occupancy Rate: 100
Last Updated: 5/10/2021

Overview / Comments

Located in the path of progress with a traffic count totaling around 40,000 cars a day. Just a mile east of I-75 and the well known Ellenton Premium Outlet Mall. An abundance of Credit Tenants like Bank of American, Wells Fargo, and Center State Bank are just next door. The property has two points of ingress and egress. One from US 301 N and the second on 73rd Ave E. that allows for East and West flow. This property currently has 11 active tenants paying rent. All are MTM.
The +/- 6500 sf building has two sides. The west side has a Foot Doctor that occupies around 1,545 sf. The East side of the building has multiple executive offices being lease with around 5,045 sf. An additional warehouse is located behind the building with about 919 sf and is also leased out. Second parcel in the back is being leased to outside storage users for RVs and boats.

Great Investment Property or a Diamond Re Development Site!

* Per seller Roof is about 8 years old
* Property is currently on septic but per the seller can easily be converted to city sewer. Utility is located directly on US 301 in front of property.
* Do not disturb tenants

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 827900002, 827910001
Zoning: NC-M
Property Visibility: Excellent
Tenancy: Multiple Tenants

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,897 41,166 96,979
Median Age: 69.87 45.71 41.16
Households: 2,346 17,678 37,292

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