650 Central Ave

$4,485,000, 22,842 Sqft 1.09 Acres

About This Property

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
Square Footage22,842
Year Built2002
Sub-TypeMixed Use

Community Information

Address650 Central Ave
SubdivisionPos Sub
CountySarasota County
Zip Code34236


ParkingCurb Parking, Over 30 Spaces
GaragesUnder Building Parking


Central Business District, Corner Lot/Unit, In City Limits, Near Public Transit, Lot - Oversized, Retention Areas, Sidewalk, Street Lights, Street Paved


InteriorCarpet, Ceramic Tile, Other
CoolingCentral Air


ExteriorBlock, Wood Frame
Lot DescriptionOne + to Two Acres

Additional Information

Days on Market91

Listing Details

OfficeA Young Realty Group Inc

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Listing data comes from My Florida Regional MLS.

Listing information last updated on February 26th, 2020 at 11:46am CST.

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