1701 N Tamiami Trl - Apartments FOR SALE


Sarasota, FL 34236- Downtown Sarasota
$2,400,000 USD
312-342-9655
1701 N Tamiami Trl, Sarasota, FL for Sale
$2,400,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

1701 N Tamiami Trl
Sarasota, FL 34236
Downtown Sarasota


OVERVIEW

Remarkable Opportunity for Shovel Ready 22-Unit Apartment or Condo Project minutes from Downtown Sarasota. This is one of the best Opportunity Zone locations in the US. ***Seller willing to finance 50% LTV @ 4% interest*** The project consists of 25,540 sellable square feet with (8) 3-BR units, (4) 2-BR units & (10) 1-BR units and is in the final weeks of permitting This is a 16+ Month Time Savings The adjacent parcel - 1715 N. Tamiami - is separately listed for $3.6M w/permits pending for (36) units incl a pool. Perfectly sited among neighborhood gems, Wicked Cantina, The Reserve & Whitaker Park, the site is seconds to downtown and the new Bay Park, as well as an abundance of Cultural Institutions incl The Sarasota Opera House, Van Wezel Performing Arts Center, multiple Theaters, New College of Florida, Ringling University & The Ringling Museum to name a few. For more questions and more detailed information, email jason@questchicago.com

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

22

PRICE/UNIT

$109,091

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2027

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,430 SF

ZONING

NT

APN/PARCEL ID

2007-01-0040

ASK ABOUT THIS PROPERTY

Jason VondrachekQuest Realty GroupMore Info
312-342-9655

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Jason VondrachekQuest Realty GroupMore Info
312-342-9655

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