Downtown Sarasota Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30004754
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 11,792 SF
Gross Building Area: See Agent
Sale Price: $2,875,000
Unit Price: $243.81 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Last Updated: 7/18/2017

Overview / Comments

Total Building Size: 11,792 SF +/-
Total Land Size: 8,600 SF +/-
Sale Price: $2.875 Million

Downtown Sarasota Investment Opportunity.
A rare opportunity in the Burns Court District!
Well maintained Mixed-Use Property - 100% occupied.
Retail & residential use provides hedge against market fluctuations.
Property zoning: DTC.
Offered at 6.5% CAP Rate.
Confidentiality Agreement required.
Water is submetered - Tenants pay water & electric”.

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2027110011

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,950 78,991 159,300
Median Age: 48.31 45.64 48.69
Households: 5,880 35,609 73,981

Source

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