Pending
6455 GATEWAY AVE
SARASOTA FL, 34231
$1,340,000
$425.40 per sqft
Pending
3,150 sqft
Commercial
Built in 2023
Under contract-accepting backup offers. 8.1% CAP | 100% LEASED | ZONED CG| MULTI-TENANT RETAIL SARASOTA | 4-WAY STOP AT ENTRANCE TO PUBLIX
-->UPDATED RENT ROLL: ALL 3 STORES LEASED<--
-->ACTUAL Rent NOT Pro forma<-- -->
l 6455 Gateway $3500 Per Month 24 Month Lease l
l 6445 Gateway $3500 Per Month 24 Month Lease l
l 6435 Gateway $3500 NNN Per Month 16 Months remaining on Lease l
-->Seller will Credit Buyer at Closing ((Pre-pay for both 6455 & 6445 Gateway Rent)) for a TOTAL CREDIT at Closing of $168,000
IF Buyer is financing 15% down including the Pre-Paid rent reduces Buyer out-of-pocket down payment to $33,000.<--
Prime Corner Location Multi-tenant Retail Anchored W 4-way stop at Entrance to a Publix
~+~Key Features:
~+~ Gulf Gate
~+~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 8.1%
~+~ALL STORES LEASED 100% LEASED
~+~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 &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.++See Attachments CO, Survey, Zoning Ver
A4609337
MLSⓇ ID
May 2, 2024
Listed
August 29, 2024
Updated
Map
6455 GATEWAY AVE
SARASOTA FL, 34231
Interior Features
Total Stories
1
Floor Description
Concrete, Epoxy
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.25 Acres
Lot Features
Central Business District, Corner Lot, Sidewalk
Roof
Membrane
Sewer
Public Sewer
Other Property Details
Area Name
34231 - Sarasota/Gulf Gate Branch
Taxes
$5,914
Tax Frequency
Annually
Days on Market
119
Garage
No
Parking
Parking Spaces - 6 to 12
View
No
County
Sarasota
Municipality
37
Water Source
Public
Pool
No
Zoning
CG
Listing History
Date | Event | Price |
---|---|---|
8/29/2024 | Pending | — |
7/8/2024 | Price change | $1,340,000 -11% |
5/9/2024 | Price change | $1,495,000 -15% |
Listed by AMY ROBINSON REAL ESTATE LLC
Listing Contact: 941-346-7000
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Data last updated 8/29/2024, 10:00 PM UTC