Sarasota Warehouse Available For Sale

1816 57th St,
Sarasota, FL 34243

Dreznin Pappas Commercial Real Estate LLC

$5,200,000
Offering Price
$282,691
NOI
5.44%
Cap Rate
$178
Price Per SF
29,199
Building SF
85,500
Land SF
$5,200,000
Offering Price
$282,691
NOI
5.44%
Cap Rate
$178
Price Per SF
29,199
Building SF
85,500
Land SF

Asset Attributes

  • * This property would be the perfect home for a growing business, a business moving to the area or a business that wants to utilize some of the space and rent out the additional space for some income and cash flow. * Offices on north face with some additional office space built out on southeastern part of building. * Most all of the roof is insulated * Roof is sprayed with a calcite/latex to bring the heat inside down to a minimum * One half of the unit has a dropped ceiling for less air conditioning * The Building was recently painted * Parking lot was refreshed with new asphalt
  • * Office space is updated and newer. * Tile flooring * Dropped ceilings * Updated Bathrooms * New Plumbing and Sewer (Dug up floors to install) * Electric has been updated to approx 90% * 4 HVAC Units in place per ownership
  • The income approach shows a Seller 'Leaseback scenario' which would need to be negotiated and agreed upon mutually. There is an investment aspect that makes long term sense but it is best discussed to insure all parties have the same vision moving forward.
  • A portion of the parking lot is rented out to a shipping company and could continue with that arrangement or moving forward the possibility or a new agreement.

Building Location Highlights

  • * Close proximity to highway, downtown, and airport * Great location of a great building with many purposes. Added insulation as well as a coating on the roof that brings the heat to a minimum thus reducing power cost. * Ideal location to navigate from 301 and University, with least amount of traffic. Very close to downtown, highways, and airport. * Create Your Companies Space
  • Distance from noteworthy locations; US 301 North-South. 0.6 miles University Parkway to I-75. 0.7 miles SRQ International Airport 1.3 miles US 41 North-South. 1.5 miles Publix @ University Walk. 2.1 miles New College of Florida. 2.3 miles USF of Sarasota Campus. 2.5 miles Ringling College. 2.6 miles 10th St Boat Dock 3.6 miles Whole Foods 4.0 miles Marina Jacks / City Island. 4.7 miles Siesta Key 6.5 miles UTC Mall / Apple / Tesla. 6.6 miles I-75 North-South 6.7 miles
FOR MORE DETAILS CONTACT
Sean Dreznin
DREZNIN PAPPAS CRE, LLC
(941) 961-8199
tritoncre@gmail.com