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  • Price$4,485,000
  • Sq. Ft.22,842
  • Acres1.09
  • Built2002

650 Central Ave, Sarasota

A rare opportunity to acquire Rosemary Central located @ 650 Central Ave in the booming Rosemary District of vibrant downtown Sarasota, FL. The Property is a fully stabilized mixed-use commercial property consisting of 5 commercial retail storefronts, 5 modern condominium style apartments, 7 townhomes and a villa. Located on over one acre of land and encompassing nearly a full city block, Rosemary Central has a long history of full occupancy, rapidly increasing income and an enormous opportunity to further enhance the value by the ability to further develop the property with a far greater density of residential units. This well maintained property offers a diversified rent roll with a strong base of commercial and residential tenants. Five spacious store-front retail/office suites located directly on busy Central Ave representing durable cash flow and stability for a new owner. The richly updated Residential units are comprised of 2nd story modern flats above the commercial suites, a standalone building with townhomes and a garden style villa. The Rosemary District has seen huge growth over the past 5 years, bringing in a vibrant food and art scene with plenty of selections for everyone’s preferences. This is a very well maintained property with extremely stable income and an enormous amount of future development potential that would further enhance this amazing opportunity.

Essential Information

  • MLS® #A4446576
  • Price$4,485,000
  • Bathrooms0.00
  • Square Footage22,842
  • Acres1.09
  • Year Built2002
  • TypeCommercial
  • Sub-TypeMixed Use
  • StatusActive

Amenities

  • UtilitiesPublic
  • FeaturesSidewalk
  • ParkingCurb Parking, Over 30 Spaces
  • GaragesUnder Building Parking
  • ViewCorner Lot/Unit, In City Limits, Near Public Transit, Lot - Oversized, Sidewalk, Street Paved, Street Lights, Retention Areas, Central Business District

Exterior

  • ExteriorBlock, Wood Frame
  • Lot DescriptionOne + to Two Acres
  • RoofMetal
  • FoundationSlab

Listing Details

  • Listing Office:A Young Realty Group Inc

Community Information

  • Address650 Central Ave
  • AreaSarasota
  • SubdivisionPos Sub
  • CitySarasota
  • CountySarasota County
  • StateFL
  • Zip Code34236

Interior

  • InteriorCarpet, Ceramic Tile, Other
  • HeatingCentral
  • CoolingCentral Air

Additional Information

  • Days on Market79
  • ZoningDTE
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Listing information courtesy of A Young Realty Group Inc.

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.

Listing data comes from My Florida Regional MLS.

Listing information last updated on December 9th, 2019 at 6:45pm EST.