Click to enlarge! Click to enlarge! Click to enlarge!
Click to enlarge! Click to enlarge! Click to enlarge!
Click to enlarge! Click to enlarge! Click to enlarge!
Click to enlarge! Click to enlarge! Click to enlarge!
Listing ID A4148271
Price: $2,595,000
Address
201 MONTGOMERY
City Name:
SARASOTA
State:
FLORIDA
Postal Code:
34243
Square Feet:
12255
Acres:
0.51
MLS Area Major:
Sarasota
County:
Manatee
Type:
Commercial
10 CAP! A 10% return is difficult to find in Sarasota. Look no further. 201 and 205 Montgomery Ave offer almost a 10% return for at least the next three years! With a NNN lease in place, these 5 buildings situated on 1 acre with 150'+ frontage on US41 is a great office complex investment. With thousands of cars passing by every day, this location is incredible; close to SRQ airport, across from Sarasota Bay, minutes from downtown Sarasota and Bradenton. Situated near major colleges such as New College, Ringling Art Institute, USF and SCF as well as the world famous IMG Academy, this is an ideal location. The buildings are well maintained and have "effective" dates of 2000 and 2008. At the list price, it would be difficult to build over 12,000 total SF of new office space, not even considering the cost of prime 41 frontage land acquisition. Please call, text or email to learn more about this amazing income opportunity.
Additional Features:
Additional Membership Available: n
Additional Parcel: Yes
Additional Tax IDs: 6715100258, 6715100100, 6715100209
Adjoining Property: Church
Air Conditioning: Zoned/Multiple
Association Approximate Required: No
Auction: No
Block Parcel: 46
CDD: n
CDOM: 369
Class of Space: Office
Condo Environment: No
Contract Status: Other Contract Contingencies
Converted Residence: No
Country: United States
DOM: 369
Exterior Construction: Block
Fireplace: No
Flood Zone Code: AE
For Lease: No
Freezer Space: No
Heating and Fuel: Zoned/Multiple
Homestead: No
Internal ID: 173701845
Lease Terms: 3 to 5 Years, Absolute (Triple) Net
Legal Description: A PORTION OF LOT 13, & ALL OF LOTS 14 & 15 BLK 46, WHITFIELD ESTATES, REC IN PB 6 PG 33, BEING MORE PART DESC AS FOL: BEGIN AT THE SW COR OF SD LOT 15, BLK 46, BEING A PT ON THE NLY R/W LINE OF MONTGOMERY AVE; TH N 67 DEG 03 MIN 10 SEC E, ALONG SD NL Y R/
List Price: 2595000.00
Location: Activity Core/Center, Corner Lot, Flood Zone, Oversized Lot
Long Term: No
Lot Number: 13
Lot Size SqFt: 22259
Listing Price Per SqFt: 211.75
LSC List Side: Sarasota
LSC Sell Side: For Future Use
MFR Consumer: No
Millage Rate: 15.7700
Miscellaneous: Cable, Parking Lot Reserve
Net Leasable SqFt: 12255
New Construction: No
Other Exemptions: No
Other Fees: No
Parcel Number: 6715100001
Pet Restrictions: No
Pets Allowed: No
Planned Unit Development: No
Property Status: Existing
Property Style Commercial: Net Leased, Office
Property Use: OFFICE
Status: Pending
Range: 17
Road Frontage: State Road
Roof: Shingle, Steel/Bar/Joist, Wood Frame
Section: 26
Sidewalk: No
Special Sale Provision: None
Special Tax District Tampa: No
SqFt Gross: 12255
Square Foot Source: Public Records
Taxes: 12960
Tax Year: 2016
Total Acreage: 1/2 Acre to 1 Acre
Township: 35
Transportation Access: Airport, Frontage, State Highway
Utilities: Electric, Public Sewer, Public Water
Water Access: No
Water Extras: No
Water Frontage: No
Water View: No
Year Built: 1990
Zip Plus: 1519
Zoning: RSF3/HA/
Zoning Compatible: No
Listing information courtesy of Michael Saunders & Company. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on Tuesday, June 27th, 2017.
Data services provided by IDX Broker