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

Community Information

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

Amenities

UtilitiesPublic
FeaturesSidewalk
ParkingCurb Parking, Over 30 Spaces
GaragesUnder Building Parking

View

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

Interior

InteriorCarpet, Ceramic Tile, Other
HeatingCentral
CoolingCentral Air

Exterior

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

Additional Information

Days on Market25
ZoningDTE

Listing Details

OfficeA Young Realty Group Inc

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Listing data comes from My Florida Regional MLS.

Listing information last updated on October 16th, 2019 at 12:30am CDT.

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