650 Central Avenue

    Sarasota, FL 34236
    • $4,485,000
    • STATUS: Active
    • ON SITE: 24 days
    • MLS #: A4446576
    $4,485,000
    • 0
      BEDS
    • 1.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,842
      SQFT
    • $196
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2002
    County:
    Area:

    School Ratings & Info

    Description

    A rare opportunity to acquire Rosemary Central located @ 650 Central Ave in the booming Rosemary District of vibrant downtown Sarasota, FL. The Property is a fully stabilized mixed-use commercial property consisting of 5 commercial retail storefronts, 5 modern condominium style apartments, 7 townhomes and a villa. Located on over one acre of land and encompassing nearly a full city block, Rosemary Central has a long history of full occupancy, rapidly increasing income and an enormous opportunity to further enhance the value by the ability to further develop the property with a far greater density of residential units. This well maintained property offers a diversified rent roll with a strong base of commercial and residential tenants. Five spacious store-front retail/office suites located directly on busy Central Ave representing durable cash flow and stability for a new owner. The richly updated Residential units are comprised of 2nd story modern flats above the commercial suites, a standalone building with townhomes and a garden style villa. The Rosemary District has seen huge growth over the past 5 years, bringing in a vibrant food and art scene with plenty of selections for everyones preferences. This is a very well maintained property with extremely stable income and an enormous amount of future development potential that would further enhance this amazing opportunity.

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    © 2019 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. 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 consumers 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 2019-10-15T23:41:00.377.
    www.theduncanduo.com/homes/99211107

    650 Central Avenue Sarasota, FL 34236

    • Price: $4,485,000
    • Status: Active
    • MLS #: A4446576
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.09
    Acres
    22,842
    SQFT
    $196
    $/SQFT
    2002
    Built
    Neighborhood:
    Pos Sub
    County:
    Sarasota
    Area:
    Sarasota
    Property Description
    A rare opportunity to acquire Rosemary Central located @ 650 Central Ave in the booming Rosemary District of vibrant downtown Sarasota, FL. The Property is a fully stabilized mixed-use commercial property consisting of 5 commercial retail storefronts, 5 modern condominium style apartments, 7 townhomes and a villa. Located on over one acre of land and encompassing nearly a full city block, Rosemary Central has a long history of full occupancy, rapidly increasing income and an enormous opportunity to further enhance the value by the ability to further develop the property with a far greater density of residential units. This well maintained property offers a diversified rent roll with a strong base of commercial and residential tenants. Five spacious store-front retail/office suites located directly on busy Central Ave representing durable cash flow and stability for a new owner. The richly updated Residential units are comprised of 2nd story modern flats above the commercial suites, a standalone building with townhomes and a garden style villa. The Rosemary District has seen huge growth over the past 5 years, bringing in a vibrant food and art scene with plenty of selections for everyones preferences. This is a very well maintained property with extremely stable income and an enormous amount of future development potential that would further enhance this amazing opportunity.
    Exterior Features

    Construction Materials BlockWood Frame Foundation Details Slab Lot Features Central Business DistrictCorner LotIn City LimitsNear Public TransitOversized LotRetention AreasSidewalkStreet LightsStreet Paved Parking Features Curb ParkingOver 30 Spaces Roof Metal Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Ceiling Type AcousticalDrywall Cooling Central Air Flooring CarpetCeramic TileOther Heating Central Office Retail Space Sq Ft 7152 Sewer Public Sewer

    Property Features

    Additional Parcels Yn No Business Type MixedProfessional/OfficeResidentialRetail Community Features Sidewalk Flood Zone Code Ae Miscellaneous Common LightingDumpsters Miscellaneous2 Fencing New Construction Yn No Property Sub Type Mixed Use Realtor Info Confidentiality Letter RequiredCurrently LeasedFloor Plan AvailableNo SignSurvey AvailableTenant Occupied Security Features Smoke Detector(S) Special Listing Conditions None Tax Annual Amount 44034.00 Tax Year 2018 Total Num Buildings 3 Utilities Public Zoning Dte


    Listing information © 2019 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of A Young Realty Group Inc.



    © 2019 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. 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 consumers 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 2019-10-15T23:41:00.377.
     
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