6455 Gateway AVENUE
SARASOTA, FL, 34231
Price$1,340,000
Beds0
Baths0
SqFt3,150
Baths0
SqFt3,150
Status:Active
Property Type:Commercial
School:
Property Type:Commercial
School:
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
| Price | $1,340,000 | |
| Total Baths | 0 | |
| Lot Size Area | 10742 | |
| Lot Size Area Units | Square Feet | |
| Acres | 0.25 | |
| Property Type | Commercial | |
| Sub type | Retail | |
| MLS Sub type | Retail | |
| Year Built | 2023 | |
| Subdivision | GULF GATE | |
| Roof | Membrane | |
| Heating | Central | |
| Foundation | Slab | |
| Lot Description | Central Business District, Corner Lot, Sidewalk | |
| Parking Description | 6 to 12 Spaces | |
| Directions | Stickney Point / Clark Road to Gateway Ave, South at Gateway light to 4 way stop at Gateway Ave and Mall Ave – Building on SE Corner of Gateway and Mall at 4 way stop. | |
| County | Sarasota | |
| Latitude | 27.261729 | |
| Longitude | -82.516276 | |
| Market Area | 34231 – Sarasota/Gulf Gate Branch | |
| Address | 6455 Gateway AVENUE, SARASOTA, FL 34231 | |
| Postal Code | 34231 | |
| City | SARASOTA | |
| State | FL | |
| Country | United States | |
| Listing Office | AMY ROBINSON REAL ESTATE LLC | |
| Listing Office Phone | 941-346-7000 | |
| Listing Agent | Amy Robinson | |
| Listing Agent Phone | 941-928-2044 | |
| Special listing conditions | None | |
| Ownership | Sole Proprietor | |
| Terms | Cash, Conventional, Lease Back | |
| Days on market | 67 | |
| MLS Status | Active | |
| Listing Date | May 2, 2024 | |
| Listing Last Modified | Jul 8, 2024 | |
| Tax ID | 0104010009 | |
| Tax Year | 2023 | |
| Tax Annual Amount | 5914 | |
| MLS Area | 34231 – Sarasota/Gulf Gate Branch | |
| MLS # | A4609337 | |
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