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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.
- MLS® #A4446576
- Square Footage22,842
- Year Built2002
- Sub-TypeMixed Use
- ParkingCurb Parking, Over 30 Spaces
- GaragesUnder Building Parking
- ViewCentral Business District, Corner Lot/Unit, In City Limits, Near Public Transit, Lot - Oversized, Retention Areas, Sidewalk, Street Lights, Street Paved
- ExteriorBlock, Wood Frame
- Lot DescriptionOne + to Two Acres
- Listing Office:A Young Realty Group Inc
- Address650 Central Ave
- SubdivisionPos Sub
- CountySarasota County
- Zip Code34236
- InteriorCarpet, Ceramic Tile, Other
- CoolingCentral Air
- Days on Market91
Listing information courtesy of A Young Realty Group Inc.
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Listing data comes from My Florida Regional MLS.
Listing information last updated on March 28th, 2020 at 9:15am EDT.