High Traffic Plaza: Great Location!

Shopping Center for Sale
Catylist Listing ID: 30009677
Property Subtypes: Community Center, Neighborhood Center, Strip Center
Building Size (RSF): 11,972 SF
Gross Land Area: 1.10 SF
Sale Price: $1,295,000
Unit Price: $108.17 PSF
Property Use Type: Investment
Building Name: College Plaza
Usable Size (USF): 11,972 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 7.8%
Average Occupancy Rate: 80
Last Updated: 4/21/2018

Overview / Comments

4 Retail Space Strip Center, 2 are currently leased and the 3rd and 4th spaces are on market for lease.


Finance Data Year 2015
Real Estate Taxes - Annual($) $15,616 (Annual)
Tax Value Land $237,326
Tax Value Improvements $641,447
Tax Value Personal Property $15,616
Assessed Value - Total($) $878,773 (Annual)
Potential Rental Income $153,941 (Annual)
Net Operating Income $108,524 (Annual)
Gross Operating Income $136,441 (Annual)

Current Tenants

Tenant Business Name Mark of the Machine Tattoo
Is Renting? Yes
Annual Revenue $20,235 (Annual)
Suite Number 3409
SF of Space Occupied 1,400 SF
Current Rent $1,686 PSF (Annual)
Lease Expiration 7/0031
Escalations 3% Annually
Tenant Business Name Coin Laundry
Is Renting? Yes
Annual Revenue $30,562 (Annual)
Suite Number 3413
SF of Space Occupied 1,400 SF
Current Rent $2,547 PSF (Annual)

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 5182630052
Zoning: GC,PD-R
Retail Clientele: General, Family
Property Located Between: 34th Street West & Cortez Road West
Property Visibility: Good
Largest Nearby Street: Cortez Road
Feet of Frontage: 200
Traffic/Vehicle Count: 52,500
Highway Access: SR 70 to the south
Airports: Bradenton-Sarasota, Tampa International, St. Pete - Clearwater
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,400 SF
Property Condition: Fair
Year Built: 1977
Construction/Siding: Block
Parking Type: Surface
Total Parking Spaces: 35
Zoning Description: GC,PD-R
Lot Frontage: 200
Lot Depth: 245
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Damato Properties, LLC
Legal Description: BEG AT THE NE COR OF SEC 9, TH S 00 DEG 12 MIN 29 SEC W ALG THE E LN OF SD SEC 9, 429.35 FT; TH N 89 DEG 47 MIN 31 SEC W, 25.00 FT TO THE INTERSEC OF SD LN & THE W R/W OF 34TH ST

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,385 113,341 177,434
Median Age: 45.24 44.52 44.13
Households: 8,379 50,064 75,571
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.