5611 Tamiami Trl, Sarasota, FL 34231
1,077 SF | Retail Building | Sarasota, FL 34231 | $1,995,000 ($1,852/SF) | 6.54% Cap Rate
For Sale
Active
Asking Price $1,995,000
- Property Type
-
Retail
- Square Feet
- 1,077 SF
- Price / Square Foot
- $1,852
Listing Contacts
Melinda Garrett
Property Overview
Take advantage of this remarkable opportunity to acquire a prime investment property on South Tamiami Trail. This 0.89 acre site is situated on a signalized corner with 239 feet of frontage along S Tamiami Trail and 129 feet of frontage on Constitution Boulevard. Its well-portioned site provides ample parking and adequate space for future expansion, contributing to the property's desirability and value.
Being offered at a 6.5% cap rate with a strong credit tenant in place, this property provides a lucrative passive income while a developer plans for its redevelopment project. Additionally, the tenant is open to discussing options, regarding their tenancy, providing flexibility for various buyer needs.
With its strategic location close to Sarasota Memorial Hospital, retail shopping centers, and the Gateway to Siesta Key, this property offers endless possibilities for retailers and savvy investors looking to expand into a thriving, highly-sought after community.
Contact me today for more detailed information!
Being offered at a 6.5% cap rate with a strong credit tenant in place, this property provides a lucrative passive income while a developer plans for its redevelopment project. Additionally, the tenant is open to discussing options, regarding their tenancy, providing flexibility for various buyer needs.
With its strategic location close to Sarasota Memorial Hospital, retail shopping centers, and the Gateway to Siesta Key, this property offers endless possibilities for retailers and savvy investors looking to expand into a thriving, highly-sought after community.
Contact me today for more detailed information!
Property Details
- Class
- C
- Year Built/Renovated
- 1960/2020
- Stories
- 1
- Property Subtype
- Vehicle Related, Freestanding
- Lot Size (sq. ft)
- 38,768 SF
Highlights
- $305K Price Improvement!
- Located in a high-traffic area, only a mile away to the Gateway to Siesta Key!
- Convenient access with three separate ingress and egress points!
- Zoned CI (Commercial Intensive)
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