Commercial Sale Property - Retail in Sarasota
SOLD for $197,500 on December 13, 2023
Listing Price: $229,900Sold Price: $197,500Sold Price/List Price: 86%
Sold Price/Original List Price: 79.03%
Description of Property
Excellent investment property, located directly on Tamiami Trail (Rt. 41) in the much sought after mixed use San Marco building. Recently updated with beautiful wood flooring, new ceiling tiles and lighting fixtures. Fantastic signage in 3 locations, and a daily traffic count of more than 36,000. The building has convenient private and separate parking for the commercial and residential units. Building was built in 2006 to stringent hurricane standards and is outside the flood zone. Current tenant has a lease through May 2024. With numerous high end residential projects recently completed, and many more currently under construction or in the approval process, Sarasota is booming. This is an ideal opportunity to take advantage of tremendous upside to pricing power as the area continues to grow.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Retail
City: Sarasota
County: Sarasota
Subdivision: San Marco
Sq. Ft. Gross: 739
Sq. Ft. Living Area: 739
Cost per (heated) sqare foot: $311
Year built: 2006
Annual Tax: $2,170
Condo Fee: $1,159 Quarterly
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
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Waterfront Info
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Water Access: Not specified
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Exterior & Construction
Architectural Style:
Construction: Block, Concrete
Foundation: Stem Wall
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Floors Total: 1
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Cooling: Central Air
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Lot Information
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Road Frontage: Divided Highway
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Legal Description & Other Information
Parcel Number: 2025121008
Zoning: CRD
Tax Legal Desc.: UNIT C8, SAN MARCO
Listing courtesy of PARTNERS REALTY OF SARASOTA. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.