16-Unit Apartment
New
For Sale
$2,750,000
1410 MAGELLAN, Sarasota, FL 34243
All apartments are occupied under month-to-month rental arrangements.
Property Size5,163 SF
Price / SF$532.64
Days on Market3
Property Features for 1410 MAGELLAN
General Information
Standard status
Active
Size
5,163 SF
Property subtype
Commercial
Occupancy
100%
Financials
Asking Price
$2,750,000
Gross Income
$192,000
Average Monthly Rent
$1,000
Units
Unit Mix
16 x efficiency
Multifamily Units
16
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$18,228
Building Details
Building Size
5,163 SF
Year Built
1974
Year Renovated
2018
Buildings
1
Stories
2
Units
16
Construction
garden-style
Tenancy
Multi
Listing Agency:
Sarasota
Listed By:
Rex Glasson · License #BK3067512
(941) 587-6135
Source:
Elliman
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sarasota
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Investment Insights
Based on property information with market context.
This Sarasota apartment property contains 16 efficiency units in a two-story garden-style building. The approximately 5,163-square-foot structure has block construction and a slab foundation. Interior work is reported from 2016–2018, followed by a permitted reroof in 2019–2020. The property was built in 1974.
At 1410 Magellan Drive, the property is near US-41 and the Sarasota-Manatee County line. Sarasota Bradenton International Airport and Downtown Sarasota are among the listed regional destinations with access from the area. Ownership reports full occupancy, with all units on month-to-month rental arrangements.
At 1410 Magellan Drive, the property is near US-41 and the Sarasota-Manatee County line. Sarasota Bradenton International Airport and Downtown Sarasota are among the listed regional destinations with access from the area. Ownership reports full occupancy, with all units on month-to-month rental arrangements.
Key Highlights
- 16 efficiency apartments in a two‑story building
- Approximately 5,163 square feet of building area
- Block construction with a slab foundation
Property Analytics
Lease Details
16
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
808
Businesses Nearby
Explore this area
Business Placement
Demographics for 34243, FL
30,107
Population
16,287
Households
1.8
Avg Household Size
54
Median Age
43%
College-Educated
95%
High-School Grad
18.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$79,799
Median Household Income
$42,586
Median Earnings
$1,960
Median Rent
$395,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - All apartments are occupied under month-to-month rental arrangements.
Where is this apartment building located?
The property is located at 1410 MAGELLAN Sarasota, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 16 efficiency apartments in a two‑story building; Approximately 5,163 square feet of building area; Block construction with a slab foundation
