3901 S Tamiami Trail - Drug Store FOR SALE


Sarasota, FL 34231- South Sarasota
$7,800,000 USD
941-448-1500
3901 S Tamiami Trail, Sarasota, FL for Sale
$7,800,000 USD
Drug Store - FOR SALE
1/7
null | 5.88% Cap Rate

3901 S Tamiami Trail
Sarasota, FL 34231
South Sarasota


HIGHLIGHTS

  • 100% occupancy
  • Zoned CGD (Commercial General District)
  • Corner property at a very busy intersection.
  • Close to Downtown Sarasota.
  • Close to Sarasota Memorial Hospital.
  • 74 paved and striped parking spaces.

OVERVIEW

Location, Location, Location!!! Extraordinary Opportunity! One of the most prominent intersections in Greater Sarasota, this Walgreens Building has been operating since it was built in 1999. At Bee Ridge Road and South Tamiami, this location has high visibility, high traffic count and easy in and out access. it is literally ?ve minutes from Siesta Key and its world renown Beaches and recreational amenities and vacation rental properties. It is just moments away from renowned shopping centers. Within 5 minutes to the Siesta Key North Bridge. Siesta Key Beach, featuring recreational/amenities, great restaurants and vacation rental properties, It is an award winning beach and resort island which has been voted The Number 1 Beach in the Country many times. Also, Marie Selby Botanical Gardens is also minutes away. The location offers a dynamic mix of leisure and commerce. A signi?cant percentage of Sarasota's wealthy neighborhoods stretch for miles North or South just West of Tamiami Trail! The location attracts a diverse and affluent customer base. At over 17,000 Sq. Ft. and situated on approximately 1.44 acres (62,477 sq ft and zoned CGD (Commercial General District) this location and building is perfect for continued retail or suitable to be re-purposed for mixed use; professional/medical o?ces; or for completely re-developing the property. BONUS Plenty of parking with 74 spaces, adjacent thriving liquor store and a double lane drive-thru. Buy the property now and then enjoy the Walgreens annual lease revenue until the lease expires on 7/31/2029 when you convert it to your ultimate highest and best use!

FOR SALE DETAILS

PRICE

$7,800,000 USD

PRICE/SF

$407 USD /SF

CAP RATE

5.88%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens Building Sarasota

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

CGD

APN/PARCEL ID

0074-04-0105

ASK ABOUT THIS PROPERTY

David NeffColdwell Banker Commercial RealtyMore Info
941-448-1500

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

David NeffColdwell Banker Commercial RealtyMore Info
941-448-1500

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