$2,395,000 • living size area 12255 sqft
Looking for incredible cash flow with a land bank opportunity? 201 & 205 montgomery ave offer over a true 10% net return per the leases in place. the main tenant is a national medical billing firm that has already exercised 2 five year options and has 2 five year options remaining after the current term expires. centrally located just 7 minutes from downtown sarasota on highly trafficked us 41 (45,000+ cars per day) and close to bradenton, this office complex is convenient to employees living in the two county area. the 5 buildings have all been updated over the years with newer roofs and well maintained. as a land bank, development continues to move north from downtown sarasota and around the srq international airport (just 1 mile away). the buildings are well situated to be converted to a full medical complex for future uses down the road. to build a complex of this size today, on over 1 acre of us41 frontage, with 5 separate buildings, the estimated cost would be well over $4m. don’t miss out! earn 10% now and equity for the future!Commercial -
201-205 MONTGOMERY, SARASOTA, FL 34243Date Sold 07-16-2018
Sold Price$2,040,000 Asking Price$2,395,000
- Living 12255sqft
- Lot size 22259sqft
- Taxes: Register to see
- Year Built 1990
-
Days on market:
178 day(s) Original Price:
$2,395,000-
Price per sqft:
$195.43 Tax Legal Description:
A PORTION OF LOT 13, & ALL OF LOTS 14 & 15 BLK 46, WHITFIELD ESTATES, REC IN PB 6 PG 33, BEING MORE PART DESC AS FOL: BEGIN AT THE SW COR OF SD LOT 15, BLK 46, BEING A PT ON THE NLY R/W LINE OF MONTGOMERY AVE; TH N 67 DEG 03 MIN 10 SEC E, ALONG SD NL Y R/W LINE A DIST OF 135.48 FT TO THE SELY COR OF SD LOT 15, BEING ALSO THE PT OF INTERSECTION OF SD NLY R/W LINETax Year:
2017-
MLS:
A4196315 -
Property Type:
Commercial -
Parking:
Reserved
Lease Term Remaining:
3 to 5 YearsConstruction Type:
BlockRoof:
Shingle Steel/Bar/Joist Wood FrameCooling Description:
ZonedHeating Description:
ZonedSpecial Listing Conditions:
NoneLot Features:
Corner Lot Oversized Lot FloodZone