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1419 & 1427 7TH STREET, Sarasota, FL 34236

$997,500
Commercial Property MLS# A4193996 ID: 47186000
$997,500 Get Rates

Commercial - SARASOTA, FL
This is one of the few remaining prime development sites in the red hot Rosemary District. There are 13,350 square feet of DTE Rosemary Overlay District, which can handle a 5-story 22-residence condominium or mixed use project. Rosemary Overlay District allows 75 homes per acre. It is just 100 feet off busy Central Avenue and only blocks away from Sarasota Bay, bustling downtown Sarasota and the arts and entertainment district. Newly invigorated Rosemary District now offers many restaurants, art galleries and shopping and design opportunities. While you are waiting to design and develop, there are two buildings onsite with income of over $2,100 per month and 11 paved parking spaces, with built-in lease increases every year. The commercial use building is an NNN lease. The two-bedroom, one-bath residential unit is leased on a month-to-month basis, enabling the buyer to use as they see fit after closing day. While the second building is leased for six more years, over $150,000 in building improvements and the newly paved parking areas have been made in the last 12 months. The residential unit could be added to the potential use for the second building for future use, or for a completely different purpose. New roofs installed on both buildings in 2006. Both buildings tented for WDO in 2017. Lister has a list of sales in the Rosemary District for review and for comparison purposes. The Rosemary District has finally arrived. Don’t wait a minute longer. Call the associate directly for specific showing times.

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Location Information near 1419 & 1427 7TH STREET
Offered by Anita Lambert at Premier Sotheby's International Realty SRQ

Would you like more information regarding this property?
Please call (941) 364-4000.

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Property Features for 1419 & 1427 7TH STREET
Status
Market Status
Available
Last Updated
January 11, 2018
Description
Property Type
Commercial Property
Year Built
1935
Approx. Lot Size
0.31 Acres
Sq. Feet
1,903

Building Features

  • Roof: Metal
  • Central Air

Exterior Features

  • Exterior Construction: Stucco

Interior Features

  • Floors: Carpet; Tile

Legal/Financial

  • Taxes: 4838

Listing Features

  • Property Type: Commercial;

Lot Features

  • View: City

Data Provided by My Florida Regional MLS

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More information about this $997,500 Commercial Property at 1419 & 1427 7TH STREET

This $997,500 Commercial Property at 1419 & 1427 7TH STREET in Sarasota, FL is offered by Anita Lambert. This $997,500 Commercial Property, located in the 34236 zip code, has the following property features: Property Type, Roof, Taxes, Exterior Construction. This 1419 & 1427 7TH STREET Commercial Property, located in Sarasota County , is listed under MLS listing number A4193996 and has a listing price of $997,500. You can find more SARASOTA homes for sale here.