Commercial investment located in The Fairway Center Condominium. Strong, reliable NOI, combine with other adjacent condos for a larger leased, cash flow investment. Current Lease runs through August 31st, 2020 with one 5 year optional Lease Term. Strong credit tenant with proven track record and the opportunity has very little Landlord duties. $150/month per annum increases. An excellent cash flowing, strong CAP rate investment opportunity on Florida's gulf coast, close to Ana Maria Island, Longboat Key and the gulf beaches of the greater Sarasota/Bradenton MSA. 48,000+/- AADT driving by on State Route 64 also known as Manatee Avenue West along with super ingress and egress. Situated at the intersection of 51st Street West in the county of Manatee, Bradenton, Florida. Strong local demographics support a wide variety of uses along with a broad zoning code of General Commercial within the county. Well funded reserves and an active association which currently maintains the roof, exterior structure, site, parking, painting, common electric, common restrooms, common water, building insurance
BB/HS Internet Avail, County Water, Electric, Fiber Optics, Gas
Close to Bus, Corner Lot, Highway Frontage, In County, Level, Street Paved
Ceiling Fan(s), Handicapped Modified, Other
Central, Fuel - Electric, Heat Pump, Zoned/Multiple
Fenced, Handicap Modified, Mature Landscaping
Listing Information Courtesy of Darling Realty.
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Listing information last updated on October 22nd, 2017 at 11:33am EDT.
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