Active

6455 GATEWAY AVE

SARASOTA FL, 34231

$1,340,000


$425.40 per sqft

Active

3,150 sqft

Commercial

Built in 2023

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

July 14, 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

68


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

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 7/14/2024, 6:06 AM UTC

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