Fantastic 1031 Exchange Candidate! Highway Frontage Sarasota, Florida

Retail-Commercial for Sale
Catylist Listing ID: 30342261
Property Subtypes: Free-Standing Building, Retail-Pad
Building Size (RSF): 10,352 SF
Gross Building Area: See Agent
Gross Land Area: 28,704 SF
Sale Price: $2,495,000
Unit Price: $241.02 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/23/2018

Overview / Comments

Two Tenant Freestanding Investment Property directly on US 41 South Tamiami Trail in Sarasota, Florida. Bob's Carpet Mart, a Family Owned and Operated Company in Business since 1969 with 16 Locations throughout the Tampa Bay Marketplace. Grasshopper is a very popular and successful Tex Mex Restaurant with a huge following and consistently growing. Large Pylon signs, parking front and rear. Large 28,704 sf CG Zoned lot with 10,312, sf of Recently Renovated Retail Space Surrounded by successful businesses, restaurants,Offices as well as homes and condominiums. This property is on the "Golden Mile" of US 41 and is only minutes to Siesta Key and the Beach. Long term hold on this Investment with Upside yearly.

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Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0111120041
Zoning: CG - COMMERCIAL GENERAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Tenancy: Multiple Tenants
Number of Stories: 1
Year Built: 1964
Year Renovated: 2000
Legal Description: BEG AT NE COR OF NW 1/4 OF SE 1/4 OF NW 1/4 OF SEC 21-37-18 TH S 01-15-30 W 75 FT TH N 89-08-30 W 1925 FT TO ELY R/W LINE OF TAMIAMI TRL TH S 27-06-30 E ALG SAID ELY R/W LINE 199.27 FT FOR POB TH S 27-06-30 E 140.73 FT TH S 89-08-30 E 225 FT TH N 00-51-30 E 124.3 FT TH N 89-08-30 W 291 FT TO POB, LESS STATE RD R/W

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,139 54,034 118,628
Median Age: 53.87 54.49 52.21
Households: 4,814 27,023 56,746

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