Commercial property in Sarasota, Florida 292.64 sq.m. № 1157104
ID1157104
$ 1 749 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
Prime Corner Location Multi-tenant Retail Anchored W 4-way stop at Entrance to a Publix Welcome to a RARE COMMERCIAL (CG) Multi-tenant opportunity in the heart of Gulf Gate, Sarasota's premier commercial destination. Situated on a highly coveted corner lot, this property boasts the highest and most desirable zoning in Sarasota County, CG, granting limitless possibilities for commercial ventures ranging from restaurants to bars & beyond. Whether you're seeking to capitalize on the thriving Sarasota market , looking for a savvy investment opportunity, or planning to establish your own business in a prime location, this property presents an irresistible value-add proposition. ~+~Key Features: ~+~Prime Corner Location: Anchored by a 4-way stop at the entrance to a Publix, this property enjoys unrivaled visibility and accessibility, serving as a gateway to Siesta Key ~+~CAP Rate 6.34% ~+~1 Store rented for $3500 NNN, 2 Stores Owner Occupied will be Vacant and Ready for you to Occupy/Rent ~+~Newly Rebuilt: Freshly rebuilt with a Certificate of Occupancy obtained in July 2023, featuring three separate store fronts with addresses (6455, 6445, 6435 Gateway Avenue) under one roof ~+~Comprehensive Renovation: Underwent a total interior demo down to four concrete walls, this property boasts a full rebuild encompassing all-new electrical, plumbing, firewalls, ductwork/HVAC, framing, drywall, glass installations, parking, and lighting, bubble eye cameras/security system ~+~ADA Compliant Restrooms: 3 Restrooms - Each store front is equipped with an ADA-compliant restrooms ~+~Deeded Parking: Only Corner parcels in Gulf Gate include Deeded parking - enjoy the exclusive privilege of 12 deeded parking spaces, with the opportunity to add 5-6 more spaces ~+~Value-Add Potential: See enclosed Zoning Verification – can ADD 2 Apartments + 1 Commercial Store or make the entire 2nd floor commercial by adding three or more additional commercial storefronts, maximizing the property's earning potential ~+~Value-Add Potential: Short Term Rental - LESS than 2 Miles to Siesta Key Beach - if new owner adds 2 apartments upstairs they can be Short Term Rentals (Daily). Gulf Gate is a Residential Area with a 30 day minimum for Short Term Rental - so to have the opportunity for Daily Rentals in Gulf Gate is RARE
~+~Strategic Signage: Benefit from a marquis sign and electric box sign, both grandfathered in, with the potential (Buyer to confirm) to add billboard signage atop the building for added income stream.
~+~Strategic Location: Just 1.9 miles from the pristine white sands of Siesta Key Beach, and situated at the entrance to Sarasota Pavilion, home to major retailers including Publix, Panera, Ross, Marshall’s, and more, this property enjoys unparalleled exposure and foot traffic.
~+~Fee simple 10,742 Square feet of land – buildings in Gulf Gate look attached, but they are FREE STANDING, FEE SIMPLE Buildings
~+~Vibrant Surroundings: Nestled within Gulf Gate Village, an "outside" walking mall boasting over 150 small businesses, specialty retail shops, bars, restaurants, and international markets, this property offers tenants and patrons alike a vibrant and eclectic atmosphere. Whether you're seeking to capitalize on the thriving Sarasota/Southwest Florida market, looking for a savvy investment opportunity, or planning to establish your own business in a prime location, this property presents an irresistible value-add proposition.
MLS #: A4609337
Sarasota - Statistics
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| Parameters | Sarasota |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 2 211.11 |
| Apartment (1 bedroom) Outside of Centre | $ 1 868.75 |
| Apartment (3 bedrooms) in City Centre | $ 3 451.29 |
| Apartment (3 bedrooms) Outside of Centre | $ 2 864.29 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 3 828.41 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 3 666.95 |
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| Parameters | Sarasota |
|---|---|
| Crime Index | 26.60 |
| Traffic Commute Time Index | 33.71 |
| Restaurant Price Index | 70.51 |
| Property Price to Income Ratio | 5.55 |
| Climate Index | 89.22 |
| Safety Index | 73.40 |
| Traffic CO₂ Index | 8873.00 |
| Traffic Inefficiency Index | 305.47 |
| Rent Index | 47.59 |
| Health Care Index | 62.59 |
| Traffic Index | 165.22 |
| Groceries Index | 80.31 |
| Pollution Index | 15.52 |
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| Parameters | Sarasota |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 22.50 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 77.50 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 9.00 |
| Domestic Beer (0.5 liter draught) | $ 6.00 |
| Imported Beer (0.33 liter bottle) | $ 7.50 |
| Coke/Pepsi (0.33 liter bottle) | $ 2.74 |
| Water (0.33 liter bottle) | $ 2.33 |
| Cappuccino (regular) | $ 5.17 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.12 |
| Loaf of Fresh White Bread (500g) | $ 3.48 |
| Eggs (regular) (12) | $ 4.24 |
| Local Cheese (1kg) | $ 13.44 |
| Water (1.5 liter bottle) | $ 1.88 |
| Bottle of Wine (Mid-Range) | $ 11.50 |
| Domestic Beer (0.5 liter bottle) | $ 2.04 |
| Imported Beer (0.33 liter bottle) | $ 4.25 |
| Cigarettes 20 Pack (Marlboro) | $ 7.56 |
| Apples (1kg) | $ 4.06 |
| Chicken Fillets (1kg) | $ 17.10 |
| Oranges (1kg) | $ 4.02 |
| Potato (1kg) | $ 4.18 |
| Lettuce (1 head) | $ 2.22 |
| Rice (white), (1kg) | $ 4.70 |
| Tomato (1kg) | $ 5.13 |
| Banana (1kg) | $ 1.58 |
| Onion (1kg) | $ 4.22 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 22.37 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.00 |
| Gasoline (1 liter) | $ 0.89 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 36 050.00 |
| Taxi Start (Normal Tariff) | $ 2.45 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 24 602.50 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 146.27 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 70.25 |
| $ 46.88 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 3 375.00 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.67 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 37.50 |
| Tennis Court Rent (1 Hour on Weekend) | $ 25.00 |
| Cinema, International Release, 1 Seat | $ 12.50 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 53.33 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 56.33 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 94.17 |
| 1 Pair of Men Leather Business Shoes | $ 115.00 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 1 025.00 |
| International Primary School, Yearly for 1 Child | $ 14 000.00 |
Data are provided by Numbeo.com and are based on its users survey. Florida.realestate can not guarantee the validity of these data.
Contact the seller
CitySarasota
Address6455 GATEWAY AVENUE
TypeCommercial property
Living space292.64 m²
- m²
- sq. ft
Completion dateIV quarter, 2023
Price
- Price
- per m²
$ 1 749 000
- EUR €
- USD $
- RUB ₽
- GBP £
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