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Listing #A4196315 - 201-205 MONTGOMERY AVE, Sarasota, Florida, 34243

A4196315

Overview

  • A4196315
  • N/A
  • Commercial
  • 0
  • 0/0
  • 12255 ft²
  • 22259 ft²
  • Sarasota
  • $2,395,000
  • 1990

Remarks

Looking for incredible cash flow with a land bank opportunity? 201 & 205 Montgomery Ave offer over a true 10% NET return per the leases in place. The main tenant is a national medical billing firm that has already exercised 2 five year options and has 2 five year options remaining after the current term expires. Centrally located just 7 minutes from downtown Sarasota on highly trafficked US 41 (45,000+ cars per day) and close to Bradenton, this office complex is convenient to employees living in the two county area. The 5 buildings have all been updated over the years with newer roofs and well maintained. As a land bank, development continues to move North from Downtown Sarasota and around the SRQ international airport (just 1 mile away). The buildings are well situated to be converted to a full medical complex for future uses down the road. To build a complex of this size today, on over 1 acre of US41 frontage, with 5 separate buildings, the estimated cost would be well over $4M. Don’t miss out! Earn 10% now and equity for the future!

Location

  • 201-205 MONTGOMERY AVE, Sarasota, Florida, 34243
  • Sarasota
  • Florida
  • 34243
  • Manatee
  • 27.414
  • -82.5724
  • 22259 ft²
  • 0.51

Interior

  • 12255 ft²
  • 0/0

Extra Information

This data is updated daily. Properties for sale on this site may have been sold and are no longer available. The data relating to real estate for sale on this web site comes in part from a central IDX program. All information contained herein is deemed reliable but not guaranteed. The information provided is for consumer, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information updated on: Monday Dec. 11, 2017 @ 6:05AM EST
Listings courtesy of: Michael Saunders & Company

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