7119 South Tamiami Trail, Sarasota, FL
Shopping Center for Sale - $850,000 - 7,348 Sq. Ft.
Property Info
| CIMLS# | 754077 |
| Location 7119 South Tamiami Trail Sarasota FL 34231 | |
| Updated | October 29th, 2015 |
| Type | Shopping Center |
| Price | $850,000 |
| Building | 7,348 Sq. Ft. |
Property Description
Buccaneer Plaza is a highly visible retail strip center on South Tamiami Trail just south of Gulf Gate. Buccaneer Plaza is a commercial condominium consisting of 12 individual unit parcels. The Sale Offering consists of 8 of the 12 units, all of which are contiguous (Units 5 thru 12).
Location Description:
Buccaneer Plaza is located on Tamiami Trail/US 41 (35,000 AADT) South of Stickney Point Road. This location is both highly desirable and visible, with easy access from Siesta Key, Sarasota, Osprey and Casey Key. The area is a strong retail sub-market with Gulf Gate and Sarasota Pavilion just a few blocks to the north and within two miles of Sarasota Square Mall to the South.
Highlights:
>> 8.8% Cap Rate
>> South Tamiami Trail - 8 Retail Condo Units
>> Highly Visible with 35,000 AADT
>> Units are 100% Leased
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Financials
Sales Info:
>> Commision split: 5.0%