• Opportunity Zone | Sarasota ALF - 2841 6th St, Sarasota, FL 34237

For Sale

Office
Multi-Family

For Sale

This property is available for sale
1.34
Acres
$1,250,000
Sale Price
  • Year Built
    2000
  • Total Building Size
    2,701 RSF
  • Overview

    Located within an Opportunity Zone northeast of downtown Sarasota is Welcome Home, assisted living facility. This location is easily accessible from Bradenton or South Sarasota due to the reach of Tuttle Avenue(24,000 daily traffic count) making it a great option for residents across Manatee and Sarasota Counties. Fruitville Road offers direct access to Interstate-75 while the Sarasota-Bradenton International Airport is less than a 15-minute drive away. This property is the ideal Opportunity Zone investment. Location and size of the property coupled with the income currently being produced provides investors with a turn key operation that can be expanded or redeveloped. With a gross monthly income of $32,000 and enough land to develop a new operation or expand current operations, any buyer can meet Opportunity Zone substantial improvement requirements while operating a cash-flowing investment. The current RMF-1 zoning designation allows for 6 units of density per acre. Future land use will allow up for expansion of the current operation. Assemblage of the corner property is also a possibility. A possible rezone and redevelopment or expansion can make this property a valueable, cash-flowing asset for the foreseeable future. See attached proforma for existing and expanded business. These proformas were put together using current expenses and a local operator that is willing to manage the property for a new owner.

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Property Details

Located within an Opportunity Zone northeast of downtown Sarasota is Welcome Home, assisted living facility. This location is easily accessible from Bradenton or South Sarasota due to the reach of Tuttle Avenue(24,000 daily traffic count) making it a great option for residents across Manatee and Sarasota Counties. Fruitville Road offers direct access to Interstate-75 while the Sarasota-Bradenton International Airport is less than a 15-minute drive away. This property is the ideal Opportunity Zone investment. Location and size of the property coupled with the income currently being produced provides investors with a turn key operation that can be expanded or redeveloped. With a gross monthly income of $32,000 and enough land to develop a new operation or expand current operations, any buyer can meet Opportunity Zone substantial improvement requirements while operating a cash-flowing investment. The current RMF-1 zoning designation allows for 6 units of density per acre. Future land use will allow up for expansion of the current operation. Assemblage of the corner property is also a possibility. A possible rezone and redevelopment or expansion can make this property a valueable, cash-flowing asset for the foreseeable future. See attached proforma for existing and expanded business. These proformas were put together using current expenses and a local operator that is willing to manage the property for a new owner.

  • Property Type
    Office
  • Submarket
  • Year Built
    2000
  • Sale Price
    $1,250,000
  • Total Building Size
    2,701RSF
  • Total Acres
    1.34
  • Sale Status
    Available
  • Last updated
    Jul 29, 2019
  • Property ID
    772386

Landlord's Sales Representatives

  • Ashley Barrett Bloom
    SVN | LOTUS
     
  • rob.henry@svn.com
     
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