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Home for Sale at 650 Central Avenue, Sarasota, FL 34236

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Sarasota, FL 34236
Listing# A4446576
 
 
 
 
Price: $4,485,000
Sq. Feet: 22842
Type: Commercial
County: Sarasota
 
 
 
 
    Photo of home for sale at 650 CENTRAL AVENUE, Sarasota FL
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MAPS:
 
 
 
 
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 everyone’s 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.

 
 
 
 
OVERVIEW:
 
 
 
 
Property Type:Commercial
Property Subtype:Mixed Use
Listing Status:Active
Subdivision:Pos Sub
Year Built:2002
Foundation:Slab
Roofing:Metal
Construction Materials:Block, Wood Frame
Square Feet:22842
Lot Square Feet:47580
Acres:1.09
Lot Features:Central Business District, Corner Lot, In City Limits, Near Public Transit, Oversized Lot, Retention
Total Acreage:One + to Two Acres
Parking Features:Curb Parking, Over 30 Spaces
Heating:Central
Cooling:Central Air
Utilities:Public
 
 
 
 
FEATURES:
 
 
 
 
Security Features:Smoke Detector(s)
Community Features:Sidewalk
Flooring:Carpet, Ceramic Tile, Other
 
 
 
 
FINANCIAL:
 
 
 
 
Listing Price:$4,485,000
Annual Taxes:$44,034
Tax Year:2018
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Data Last Updated: 10/14/2019, 11:59:04 AM

 

Listing information courtesy of A YOUNG REALTY GROUP INC


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