201-205 Montgomery Ave

$2,395,000, 12,255 Sqft .51 Acres

About This Property

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!

Essential Information

MLS® #A4196315
Price$2,395,000
Bathrooms0.00
Square Footage12,255
Acres0.51
Year Built1990
TypeCommercial
StatusActive

Community Information

Address201-205 Montgomery Ave
AreaSarasota
CitySarasota
CountyManatee County
StateFL
Zip Code34243

Amenities

Utilities

Electric, Public Sewer, Public Water

View

Activity Core/Center, Corner Lot, Flood Zone, Oversized Lot

Interior

HeatingZoned/Multiple
CoolingZoned/Multiple

Exterior

ExteriorBlock
Lot Description1/2 Acre to 1 Acre

Roof

Shingle, Steel/Bar/Joist, Wood Frame

Additional Information

Days on Market55
ZoningRSF3/HA/

Listing Details

OfficeMichael Saunders & Company

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Listing data comes from My Florida Regional MLS.

Listing information last updated on November 21st, 2017 at 7:03am EST.

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