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Home for Sale at 1419&1427 7th Street, Sarasota, FL 34236

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1419&1427 7th Street, Sarasota, FL 34236
Listing# A4193996
 
 
 
 
Price: $997,500
Sq. Feet: 1903
Type: Commercial
County: Sarasota
 
 
 
 
    Photo of home for sale at 1419&1427 7TH STREET, Sarasota FL
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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 five 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.

 
 
 
 
OVERVIEW:
 
 
 
 
Property Type:Commercial
Property Subtype:Retail
Listing Status:Active
Year Built:1935
Roofing:Metal, Shingle
Construction Materials:Other, Siding, Stucco
Square Feet:1903
Lot Square Feet:13350
Acres:0.31
Lot Dimension:100 x 133.5
Lot Features:Central Business District, Fire Hydrant, Historic District, In City Limits, Neighbourhood, Sidewalk,
Total Acreage:1/4 Acre to 21779 Sq. Ft.
Parking Features:Common, Curb Parking
Heating:Central
Cooling:Central Air
Utilities:BB/HS Internet Capable, Cable Available, Electricity Connected, Phone Available, Public
Other Structures:Annex
 
 
 
 
FEATURES:
 
 
 
 
Community Features:Activity Core/Center, Curbs
Flooring:Carpet, Tile
 
 
 
 
FINANCIAL:
 
 
 
 
Listing Price:$997,500
Annual Taxes:$3,597
Tax Year:2017
Lease Term:6 + Years
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Data Last Updated: 09/18/2018, 2:42:41 AM

 

Listing information courtesy of Premier Sothebys Intl Realty


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