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401 S Pineapple Avenue, Sarasota, FL

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401 S Pineapple Avenue

Sarasota, FL 34236-7023 - Sarasota Submarket

Property Type:Retail Sub Type:Storefront Retail/Office Status:Existing Year Built:1952
Building Size:11,792 SF Land Area:.2 AC (8,612 SF)
For Sale Price:$2,875,000 Price/SF:$243.81
Cap Rate:7.00 %
Parking:20 Surface spaces are available; Ratio of .83/1,000 SF

Sale Notes:
Total Building Size: 11,792 SF +/-

Total Land Size: 8,600 SF +/-

Sale Price: $2.875 Million

A rare opportunity in the Burns Court District!

Well maintained Mixed-Use Property - 100% occupied

Retail & residential use provides hedge against market fluctuations

Property zoning: DTC

Offered at 7.0% CAP Rate

Water is submetered - Tenants pay water & electric

Confidentiality Agreement required

Ian Black Real Estate
Sean Dreznin
(941) 906-8688 x109

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