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!
Electric, Public Sewer, Public Water
Activity Core/Center, Corner Lot, Flood Zone, Oversized Lot
Shingle, Steel/Bar/Joist, Wood Frame
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Listing data comes from My Florida Regional MLS.
Listing information last updated on November 21st, 2017 at 7:03am EST.