Twin Palms Plaza

Retail-Commercial for Sale
Catylist Listing ID: 30745873
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Other
Building Size (RSF): 11,860 SF
Sale Price: $2,350,000
Unit Price: $198.15 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Business
Building Name: Twin Palms Plaza
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 11/16/2021

Overview / Comments

very nice 7 unit commercial, multi use, retail. stand alone building, very close to everything, many updates throughout the past few years, recoated parking lot, ample amount of parking, high visibility, excellent traffic access, easy access to US41 and I-75 owner wants to do lease back for their unit. large lot 29,670 Sq Ft., .68 A/C

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0410040044
Retail Clientele: General, Business, Other
Property Located Between: US-41 and Laurel Ave on E. Venice Ave
Property Visibility: Excellent
Largest Nearby Street: US-41, E. Venice Ave
Feet of Frontage: 258
Highway Access: 3.9 miles to I-75, E. Venice Ave. to Jacaranda, north to I-75, or .1 mile West to US-41, Either north or south
Site Description: recoated parking lot 55+ spaces total, back alley with additional parking, side street access with parking, many updates on mechanical and plumbing systems over the past 10 years, very easy accessibility for customers, very high car count
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 11,860 SF
Property Condition: Excellent
Year Built: 1972
Year Renovated: 2015
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: very nice shape very appealing excellent curb appeal
Total Parking Spaces: 54
Parking Type: Surface
Parking Description: side parking lots, front parking one row of straight along building front, same on West side of building, additional parking against the back of the building of alley, all in very good condition
Sprinklers: Other
Heat Type: Electricity, Other
Heat Source: Other
Air Conditioning: Package Unit
Internet Access: Other
Interior Description: multiple units range from convenient store, to Doctors office to hair studio, and others
Zoning Description: CI - COMMERCIAL, INTENSIVE
Lot Frontage: 258
Lot Depth: 115
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Legal Description: LOTS 1, 2, 3, 4, 5, 6, 7, 8, 9 & 10, BLK 232, REPLAT OF BLKS 227 228 229 230 231 231A & 232 NORTH EDGEWOOD SEC OF VENICE, BEING SAME LANDS AS DESC IN ORI 2007060422

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,543 42,446 69,971
Median Age: 67.14 62.14 60.09
Households: 4,662 22,369 35,614


Photograph of Listing Agent

Andrea Davis

EXP Realty
CE-FL Member
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