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    124 Houle Ave Sarasota, FL 34232

    Sponsored
    For Sale
    $2,250,000

    7,500 SF, 5 Units, New Construction

    Property size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a brand-new, Class A retail storefront complex in Sarasota, Florida. Located at 124 Houle Ave, this property comprises two buildings totaling 7,500 square feet of net rentable space on a 0.85-acre lot (37,000 sq ft). Construction is slated for completion in the fourth quarter of 2024, with an occupancy date of November 29, 2024. The property features five units, ideal for owner-user scenarios or full leasing. Each building boasts a modern storefront design with an impressive 18-foot eave height, perfect for prominent signage. Built with durable block construction, these structures offer long-term value. Situated conveniently between Houle Ave and Avant Ave, just north of Fruitville Road and west of Interstate 75, this location provides easy access to downtown Sarasota and high visibility. Ample parking is available for tenants and customers. The property is zoned CG - Commercial General, offering flexibility for various retail and office uses. The asking price is $2,250,000, translating to $300 per square foot. This is a value-add investment opportunity in a thriving Sarasota business community. The APN is 0044150029.

    Property Features for 124 Houle Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,500 SF
    Class
    A

    Building Details

    Year Built
    2024
    Buildings
    2
    Units
    5

    HighLights

    • Brand‑new, Class A retail storefront complex in Sarasota, FL.
    • 7,500 square feet of net rentable space on a 0.85‑acre lot.
    • Completion and occupancy slated for November 29, 2024.
    • Five units available for owner‑user or leasing.
    • Modern design with 18‑foot eave height, ample parking, and high visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.470215499864
    Latitude
    27.338405760804

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    FAQs

    What type of property is this?
    Individual retail property - 7,500 SF, 5 Units, New Construction
    Where is this individual retail property located?
    The property is located at 124 Houle Ave Sarasota, FL.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: Brand-new, Class A retail storefront complex in Sarasota, FL.; 7,500 square feet of net rentable space on a 0.85-acre lot.; Completion and occupancy slated for November 29, 2024.
    Request Owner's contact information
    124 Houle Ave Sarasota, FL 34232
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    Sarasota, FL 34232
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    124 Houle Ave Sarasota, FL 34232
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