Price Reduction
Address
6455 Gateway AVENUE, SARASOTA, FL
Price
$ 1,495,000
Property Attributes
- MLS#A4609337
- TypeCommercial
- CountySARASOTA
- CitySARASOTA
- AreaSarasota-Gulf Gate Branch
- NeighborhoodGulf Gate
- Zip34231
- StyleRetail
- Year Built2023
- Taxes$ 5914
- Price$ 1,495,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3150
- Lot Size10,890 SqFt
Data Source:
Stellar MLS
Property Description
Prime Corner Location Multi-tenant Retail Anchored W 4-way stop at Entrance to a Publix Welcome to a RARE COMMERCIAL (CG) Multi-tenant opportunity in the heart of Gulf Gate, Sarasota's premier commercial destination. Situated on a highly coveted corner lot, this property boasts the highest and most desirable zoning in Sarasota County, CG, granting limitless possibilities for commercial ventures ranging from restaurants to bars & beyond. Whether you're seeking to capitalize on the thriving Sarasota market , looking for a savvy investment opportunity, or planning to establish your own business in a prime location, this property presents an irresistible value-add proposition. ~+~Key Features: ~+~Prime Corner Location: Anchored by a 4-way stop at the entrance to a Publix, this property enjoys unrivaled visibility and accessibility, serving as a gateway to Siesta Key ~+~CAP Rate 7.26% ~+~1 Store rented for $3500 NNN, 2 Stores Owner Occupied will be Vacant and Ready for you to Occupy/Rent ~+~Newly Rebuilt: Freshly rebuilt with a Certificate of Occupancy obtained in July 2023, featuring three separate store fronts with addresses (6455, 6445, 6435 Gateway Avenue) under one roof ~+~Comprehensive Renovation: Underwent a total interior demo down to four concrete walls, this property boasts a full rebuild encompassing all-new electrical, plumbing, firewalls, ductwork/HVAC, framing, drywall, glass installations, parking, and lighting, bubble eye cameras/security system ~+~ADA Compliant Restrooms: 3 Restrooms - Each store front is equipped with an ADA-compliant restrooms ~+~Deeded Parking: Only Corner parcels in Gulf Gate include Deeded parking - enjoy the exclusive privilege of 12 deeded parking spaces, with the opportunity to add 5-6 more spaces ~+~Value-Add Potential: See enclosed Zoning Verification – can ADD 2 Apartments + 1 Commercial Store or make the entire 2nd floor commercial by adding three or more additional commercial storefronts, maximizing the property's earning potential ~+~Value-Add Potential: Short Term Rental - LESS than 2 Miles to Siesta Key Beach - if new owner adds 2 apartments upstairs they can be Short Term Rentals (Daily). Gulf Gate is a Residential Area with a 30 day minimum for Short Term Rental - so to have the opportunity for Daily Rentals in Gulf Gate is RARE ~+~Strategic Signage: Benefit from a marquis sign and electric box sign, both grandfathered in, with the potential (Buyer to confirm) to add billboard signage atop the building for added income stream. ~+~Strategic Location: Just 1.9 miles from the pristine white sands of Siesta Key Beach, and situated at the entrance to Sarasota Pavilion, home to major retailers including Publix, Panera, Ross, Marshall’s, and more, this property enjoys unparalleled exposure and foot traffic. ~+~Fee simple 10,742 Square feet of land – buildings in Gulf Gate look attached, but they are FREE STANDING, FEE SIMPLE Buildings ~+~Vibrant Surroundings: Nestled within Gulf Gate Village, an "outside" walking mall boasting over 150 small businesses, specialty retail shops, bars, restaurants, and international markets, this property offers tenants and patrons alike a vibrant and eclectic atmosphere. Whether you're seeking to capitalize on the thriving Sarasota/Southwest Florida market, looking for a savvy investment opportunity, or planning to establish your own business in a prime location, this property presents an irresistible value-add proposition.
| Price History | |
|---|---|
| 5/2/2024 | Listed $1,749,000 |
| 5/9/2024 | 15% - $1,495,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Utilities | Public |
| Roof | Membrane |
| Zoning | CG |
| Security Features | Security Lights,Security System,Security System Leased,Smoke Detector(s) |
| Construction Materials | Block |
| Year Built | 2023 |
| Property SubType | Retail |
| Tax Year | 2023 |
| Percent Ownership | Sole Proprietor |
| County | Sarasota |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | GULF GATE |
| Facing Direction | South |
| Building Features | Bathrooms,Common Lighting,Fencing,Lit Sign on Site |
| Status | Active |
| Directions | Stickney Point / Clark Road to Gateway Ave,South at Gateway light to 4 way stop at Gateway Ave and Mall Ave - Building on SE Corner of Gateway and Mall at 4 way stop. |
| City | SARASOTA |
| Buyer Agent Compensation | 3% |
| Total Units | 3 |
| MLS Area | 34231 - Sarasota/Gulf Gate Branch |
| Lot Size Square Feet | 10742 |
| Waterfront Y/N | No |
| Street Name | Gateway |
| Listing Terms | Cash,Conventional,Lease Back |
| Tax Annual Amount | 5914 |
| Property Condition | Completed |
| Public Remarks | Prime Corner Location Multi-tenant Retail Anchored W 4-way stop at Entrance to a Publix Welcome to a RARE COMMERCIAL (CG) Multi-tenant opportunity in the heart of Gulf Gate,Sarasota's premier comm |
| Days on Market | 7 |
| Standard Status | Active |
| Tax Lot | 18 |
| Legal Description | LOT 18 BLK 1 GULF GATE UNIT 2 |
| Water Access Y/N | No |
| Water View Y/N | No |
Interior Features
| Flooring | Concrete,Epoxy |
|---|---|
| Total Stories | 1 |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Street Suffix | AVENUE |
| LivingAreaSource | Public Records |
| Living Area Units | Square Feet |
Exterior Features
| Parking Features | 6 to 12 Spaces |
|---|---|
| Lot Features | Central Business District,Corner Lot,Sidewalk |
| Water Source | Public |
| Lot Size Area | 10742 |
| Foundation Details | Slab |
| Number of Buildings | 1 |
| Building Area Total | 4042 |
| Lot Size Acres | 0.25 |
| Road Surface Type | Asphalt |
| Lot Size Units | Square Feet |
| Road Frontage Type | Business District,County Road,Main Throrughfare |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 34231
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 19, 2024 4:31 AM UTC
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