Taz Roopnarine Winter Springs Real Estate Logo
$4,295,000

650 Central Avenue

SARASOTA FL, 34236

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Description

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 everyones 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.

Details

MLS#A4446576
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year2002
Days On Site493

Features

SQ Feet22,842
ZoningDTE
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Imtaz Roopnarine

Imtaz Roopnarine

 (407) 274-4862Contact Me Form Link
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Area Information
StateFL
CountySarasota
CitySARASOTA
Zip Code34236
Area34236 - Sarasota
Listing VS Median (in 34236)
Price:
$4,295,000
low | high
Med:
$599,900
100% of Average
SqFt:
22,842
low | high
Med:
1,059
100% of Average
$ / SqFt:
$188
low | high
Med:
$566
100% of Average
On Site:
493
low | high
Med:
14
100% of Average
Listing Updated: December 23, 2020 5:45:44 AM PST
Angelia Young LogoMLS Number: A4446576
Listing Provided By:
Angelia Young  of  A YOUNG REALTY GROUP INC

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

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