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: |
4/24/2019 |
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.
|
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 |
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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