11 Tamiami Trl Osprey, FL 34229

Property Details for 11 Tamiami Trl

Year built

1974

Property size

1,800 SF

Property type

Commercial real estate

Description

This established Osprey, Florida surf shop, located at 11 S Tamiami Trail, presents a unique investment opportunity. Boasting 1,800 square feet of retail space on a 21,800 square foot lot, this single-story, Class B building (built in 1974) enjoys high visibility on a major thoroughfare. The business includes a substantial inventory valued at over $110,000, encompassing rental equipment (chairs, umbrellas, surfboards, etc.), fixtures, and all supplier contact information. A recently added mural enhances curb appeal, and ample parking (12 spaces) ensures customer convenience. The current two-year lease (renewable), commencing September 1, 2023, and expiring September 1, 2025, offers flexibility. The business has a strong online presence, evidenced by twenty 5-star Google reviews, and recently expanded services to include jet ski rentals (jet skis sold separately). Financial records indicate a Net Operating Income (NOI) of $63,000, resulting in a significant capitalization rate. The asking price is $75,000, representing a compelling value proposition considering the inventory alone. The property is zoned CG/COMMERCIAL, GENERAL, and includes a website and training overview upon sale. A part-time employee (at $15/hour) is currently employed and may continue or be replaced. Monthly expenses, excluding rent (now negotiable), total approximately $3,911. This turnkey operation offers immediate income potential and significant growth opportunities within the vibrant Osprey beach community.

Location Insight

City

Osprey

County

Sarasota

State

Florida

Longitude

-82.49

Latitude

27.1959