8247-8251 15Th St Sarasota, FL 34243
- Warehouses
- 50,284 SF
Current Use by Public Records
- Warehouses
Property Details for 8247-8251 15Th St
- Property size
- 50,284 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a vacant, 50,284-square-foot warehouse in Sarasota, Florida. The property consists of two single-story buildings totaling 50,284 net rentable square feet, situated on a ground lease with 17 years remaining. The asking price is $5,300,000, translating to $105.40 per square foot. The warehouse features a 20-foot ceiling height and ample parking with 150 spaces. One loading dock is available for efficient operations. Located at 8247-8251 15th St E, Sarasota, FL 34243, this property benefits from its proximity to the airport and University Parkway, offering excellent accessibility. The property is zoned PDMU (Planned Development/Mixed Use), presenting potential for diverse uses. While one building is currently vacant, a separate building at this address is fully leased, generating substantial monthly rental income. This presents a unique opportunity to acquire a well-located industrial property with significant upside potential. The property is held under a partnership ownership structure.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Manatee
- State
- Florida
- Longitude
- -82.5468
- Latitude
- 27.3925
