1419 & 1427 7TH Street

    Sarasota, FL 34236
    • $997,500
    • STATUS: Active
    • ON SITE: 307 days
    • MLS #: A4193996
    UPDATED: 53 min ago
    $997,500
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,903
      SQFT
    • $524
      $/SQFT
    Neighborhood:
    Type:
    Commercial-Lease
    Built:
    1935
    County:
    Area:

    School Ratings & Info

    Listing information courtesy of Premier Sothebys Intl Realty.

    Description

    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. Dont wait a minute longer. Call the associate directly for specific showing times.

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    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-06-18T14:43:14.64.
    www.beachislandgroup.com/homes/75891029

    1419 & 1427 7TH Street Sarasota, FL 34236

    • Price: $997,500
    • Status: Active
    • Updated: 53 min ago
    • MLS #: A4193996
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    1,903
    SQFT
    $524
    $/SQFT
    1935
    Built
    Neighborhood:
    Sarasota
    County:
    Sarasota
    Area:
    Sarasota
    Property Description
    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. Dont wait a minute longer. Call the associate directly for specific showing times.
    Exterior Features

    Adjoining Property Vacant Construction Materials OtherSidingStucco Front Footage 100 Lot Features Central Business DistrictFire HydrantHistoric DistrictIn City LimitsNeighbourhoodSidewalkStreet Paved Lot Size Dimensions 100 X 133.5 Other Structures Annex Parking CommonCurb Parking Parking Features CommonCurb Parking Road Frontage Ft 100 Roof MetalShingle Transportation Access City Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Ceiling Height 8 To 9 Feet Cooling Central Air Flooring CarpetTile Freezer Space Yn No Heating Central Numof Restrooms 3 Office Retail Space Sq Ft 1903 Sewer Public Sewer Water Source Public

    Property Features

    Additional Parcels Yn Yes Business Type CommercialFlex SpaceProfessional ServiceProfessional/Office Community Features Activity Core/CenterCurbs Complex Development Name Rosemary District Condo Environment Yn No Converted Residence Yn Yes Disclosures Lead Paint Easements Other Electric Other Flood Zone Code X Lease Term 6 + Years Miscellaneous Owner Management Miscellaneous2 BathroomsFencingKitchen FacilityTrash Removal New Construction Yn No Pets Allowed Yes Property Condition Completed Property Sub Type Retail Realtor Info No SignSurvey Available Special Listing Conditions None Tax Annual Amount 3597 Tax Year 2017 Total Num Buildings 2 Utilities Bb/Hs Internet CapableCable AvailableElectricity ConnectedPhone AvailablePublic Zoning Dte

    Listing information courtesy of Premier Sothebys Intl Realty.
    © 2018 My Florida Regional MLS. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.


    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-06-18T14:43:14.64.
     
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    468 Mandalay Ave.
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    Listing information courtesy of Premier Sothebys Intl Realty.