4300 Tamiami Trl Sarasota, FL 34231
- Retail space
- 2,808 SF
- 0.20 lot acres
Current Use by Public Records
- Johnson Fitness & Wellness Store / Massage Supply Store / Sporting Goods Store
Property Details for 4300 Tamiami Trl
- Year built
- 2005
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.20 lot acres
- Property size
- 2,808 SF
- Zone code
- CG
- Property type
- Retail space
- APN
- 0076-16-0001
- APU
- 76160001
Description
This exceptional freestanding retail building, located at 4300 S Tamiami Trail in Sarasota, Florida, presents a compelling investment opportunity. The property boasts 2,808 square feet on a sizable 8,905 square foot lot, situated on a high-traffic corner. Built in 2005, the single-story structure is zoned CG, offering flexibility for future uses. The building is currently leased to Johnson Fitness & Wellness under a NNN lease agreement commencing October 1, 2022, and extending through 2027, providing immediate and consistent cash flow. The property features ample private surface parking, a significant advantage in a high-demand retail area. The approximate dimensions of the building are 71.55 feet by 114 feet, with minor variations. The property's location benefits from an impressive 47,500 AADT (Average Annual Daily Traffic), ensuring high visibility and accessibility for potential customers. The asking price is $2,195,000. This is a rare opportunity to acquire a well-located, income-producing retail property in a thriving Sarasota market. The property's parcel number is 0076160003.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $455,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $295,000
- 7%
- $315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $325,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $360,000
- Mixed-Use
- $380,000
- Hospitality
- $365,000
- Educational
- $305,000
- Residential Income
- $400,000
- Energy
- $315,000
- Income-Based Land
- $345,000
- Food Service
- $355,000
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Sarasota
- State
- Florida
- Longitude
- -82.5309
- Latitude
- 27.2917
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA