Automotive Dealership
For Sale
$4,132,000
2530 17TH STREET, Sarasota, FL 34234
The offering combines a Sarasota commercial property with an established powersports dealership business.
Property Size28,062 SF
Price / SF$147.25
Days on Market9
Property Features for 2530 17TH STREET
General Information
Standard status
Active
Size
28,062 SF
Property subtype
Retail
Financials
Asking Price
$4,132,000
Business Included
Yes
Building Details
Year Built
1963
Tenancy
Single
Listing Agency:
RE/MAX ALLIANCE GROUP
(941) 954-5454
Listed By:
Erick Shumway · License #3006948
(941) 544-3718
Source:
Dennisrealty
Added: Oct 5
Changed: Oct 13
Last Checked: Oct 12 at 7:21PM
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 RE/MAX ALLIANCE GROUP
Investment Insights
Based on property information with market context.
The offering includes both the real estate and Hap’s Cycle Sales, Inc., a powersports dealership operating as a family business since 1948. The building contains 28,062 square feet under roof, including approximately 24,600 square feet of air-conditioned area, and was built in 1963. The rear section has partial-height masonry walls with insulated metal siding above.
Located at 2530 17th Street in Sarasota, Florida, the property is offered with the dealership business. Staff training and certification are provided for the brands sold by the business.
Located at 2530 17th Street in Sarasota, Florida, the property is offered with the dealership business. Staff training and certification are provided for the brands sold by the business.
Key Highlights
- 28,062 SF under roof, including approximately 24,600 SF of air‑conditioned space
- Real estate and Hap’s Cycle Sales, Inc. business included in the offering
- Powersports dealership operating as a family business since 1948
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$323,598
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,471,960
$6.5M
Cap Rate 7%
$4,622,829
$4.6M
Cap Rate 9%
$3,595,533
$3.6M
Market Conditions
NOI Build-Up for 28,062 SF
Gross rent
$481.5K $17.16/SF
− Vacancy
−$19.3K −$0.69/SF
EGI
$462.3K $16.47/SF
− OpEx
−$138.7K −$4.94/SF
NOI
$323.6K $11.53/SF
Area
Sarasota County, FL
Vacancy
4.00%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,471,960
Cap Rate 7%
$4,622,829
Cap Rate 9%
$3,595,533
Alternative Uses
Best Use
Retail
$6.26M
$5.48M – $7.31M
NOI $438,441 @ 7.0% cap · market cap 10.61%
Second Best
Industrial
$4.62M
$4.04M – $5.39M
NOI $323,598 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$7.98M
$6.98M – $9.30M
NOI $558,281 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
29k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 24%
Electronics 3%
7-Eleven
Shops & Services
15,206 visits/mo
0.2 miles
KFC
Dining
6,922 visits/mo
0.2 miles
Citgo
Shops & Services
3,633 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
2,874 visits/mo
0.2 miles
Metro by T-Mobile
Electronics
741 visits/mo
0.2 miles
Demographics for 34234, FL
20,858
Population
10,257
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
86%
High-School Grad
6.5 sq mi
ZIP Area
3,209
Density / Sq Mi
$56,607
Median Household Income
$33,536
Median Earnings
$1,352
Median Rent
$222,900
Median Home Value
Market
Vacancy Rate% for Retail in Sarasota, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ryder Truck Rental — 1371 Whitfield Ave, Sarasota, FL 34243
- Penske Truck Rental — 6525 26th Ct E, Sarasota, FL 34243
- U-Haul Neighborhood Dealer — 6112 28th St E, Bradenton, FL 34203
- U-Haul Neighborhood Dealer — 5732 15th St E, Bradenton, FL 34203
Frequently Asked Questions
What type of property is this?
Automotive property - The offering combines a Sarasota commercial property with an established powersports dealership business.
Where is this automotive property located?
The property is located at 2530 17TH STREET Sarasota, FL.
What is the asking price?
The asking price for this property is $4,132,000.
What are key features of this property?
This property features: 28,062 SF under roof, including approximately 24,600 SF of air‑conditioned space; Real estate and Hap’s Cycle Sales, Inc. business included in the offering; Powersports dealership operating as a family business since 1948
