6455 Gateway Ave , SARASOTA, FL 34231
SARASOTA, FL 34231
Description
Under contract-accepting backup offers. 8.1% CAP | 100% LEASED | ZONED CG| MULTI-TENANT RETAIL SARASOTA | 4-WAY STOP AT ENTRANCE TO PUBLIX --UPDATED RENT ROLL: ALL 3 STORES LEASED-- --ACTUAL Rent NOT Pro forma-- -- l 6455 Gateway $3500 Per Month 24 Month Lease l l 6445 Gateway $3500 Per Month 24 Month Lease l l 6435 Gateway $3500 NNN Per Month 16 Months remaining on Lease l --Seller will Credit Buyer at Closing ((Pre-pay for both 6455 & 6445 Gateway Rent)) for a TOTAL CREDIT at Closing of $168,000 IF Buyer is financing 15% down including the Pre-Paid rent reduces Buyer out-of-pocket down payment to $33,000.-- Prime Corner Location Multi-tenant Retail Anchored W 4-way stop at Entrance to a Publix ~+~Key Features: ~+~ Gulf Gate ~+~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 8.1% ~+~ALL STORES LEASED 100% LEASED ~+~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 &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.++See Attachments CO, Survey, Zoning Ver
Details
| MLS# | A4609337 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | For-sale |
| Status | Pending |
| Year | 2023 |
| Days On Site | 136 |
| Listing Provided By | AMY ROBINSON REAL ESTATE LLC | Amy Robinson |
Features
| SQ Feet | 3,150 |
|---|---|
| Story(s) | 1 |
| Units | 3 |
| Zoning | CG |
| Acreage | 0.25 |
Market Activity 34231
Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of September 15, 2024 at 5:06:16 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.Request a showing
Request a showing
Contact
Learn More About This Property
| State | FL |
|---|---|
| County | Sarasota |
| City | SARASOTA |
| Zip Code | 34231 |
| Area | 34231 Sarasota | Gulf Gate Branch |
| Community Name | GULF GATE |
| Listing VS Median (in GULF GATE) | |
Price: $1,340,000 low | high Med: $396,900 SqFt: 3,150 low | high Med: 1,816 $ / SqFt: $425 low | high Med: $219 On Site: 136 low | high Med: 164.000000 | |