650 CENTRAL AVE, SARASOTA, FL, 34236

$4,485,000
  Beds: 0  |   Baths: 0  |    SqFt: 22,842
MLS Data Current as of: January 23, 2020 1:30 pm

Highlights


  • MLS#: A4446576
  • Price: $4,485,000
  • Status: Pending
  • Total Days On Market: 91
  • Year Built: 2002
  • Sq Ft Air: 22842
  • Sq Ft Total: 25838
  • Private Pool: No
  • Flood Zone Code: AE
  • Lot Size Square Feet: 47580
  • Lot Size Acres: 1.09
  • Subdivision Name: POS SUB
  • Last Sale Date: 2000-01-01

Financial


  • Tax Annual Amount: 44034
  • Tax Year: 2018

Schools


Property Info


  • Remarks: 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.

Interior


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Exterior


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Description

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This Listing is Courtesy of: A YOUNG REALTY GROUP INC | Listing Data Provided By MFRMLS
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