MLS# #A4196315 - 201-205 MONTGOMERY AVE, Sarasota, Florida, 34243
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. Donâ€™t miss out! Earn 10% now and equity for the future!
- 201-205 MONTGOMERY AVE, Sarasota, Florida, 34243
- 22259 ft²
- 12255 ft²
- A PORTION OF LOT 13, & ALL OF LOTS 14 & 15 BLK 46, WHITFIELD ESTATES, REC IN PB 6 PG 33, BEING MORE PART DESC AS FOL: BEGIN AT THE SW COR OF SD LOT 15, BLK 46, BEING A PT ON THE NLY R/W LINE OF MONTGOMERY AVE; TH N 67 DEG 03 MIN 10 SEC E, ALONG SD NL Y R/W LINE A DIST OF 135.48 FT TO THE SELY COR OF SD LOT 15, BEING ALSO THE PT OF INTERSECTION OF SD NLY R/W LINE
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Information updated on: Friday Feb. 23, 2018 @ 5:25PM EST
Listings courtesy of: Michael Saunders & Company