1112 Whitfield Ave - Storefront Retail/Office FOR SALE


Sarasota, FL 34243- Whitfield
$2,399,000 USD
941-773-9184
1112 Whitfield Ave, Sarasota, FL for Sale
$2,399,000 USD
Storefront Retail/Office - FOR SALE
1/11
null | 6.04% Cap Rate

NEW


1112 Whitfield Ave
Sarasota, FL 34243
Whitfield


OVERVIEW

Value add opportunity with short Leases that are below market and a vacant 4025 SQ FT warehouse. Once stabilized this subject property has potential to be a +/- 9 cap. The site is comprised of ~14030 SQ FT retail building and 4025 SQ FT warehouse sitting on 2.58 acres. The front retail building has 14 units divided into 6 multi size units that range from 1002 SQ FT to 4008 SQ FT. The rear building is a stand alone concrete block warehouse with plenty of parking. The warehouse was owner occupied and will be delivered vacant upon possession. The retail building has a metal roof that was installed in 2024 and the warehouse has a metal roof that was installed in 2020. The parking lot was was paved, striped and sealed in 2024. The subject property has plenty of parking ~ 6:1. Signage on bulkhead and monuments sign. Good Ingress in front and behind the retail building.

FOR SALE DETAILS

PRICE

$2,399,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

6.04%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

103

LAND DETAILS

LAND ACRES

2.58 AC

LAND SF

112,385 SF

ZONING

NCM/WR

APN/PARCEL ID

66286-1030-2

ASK ABOUT THIS PROPERTY

Ryan HoffmanWagner RealtyMore Info
941-773-9184

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Ryan HoffmanWagner RealtyMore Info
941-773-9184

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.