Property profile

1830 Osprey Ave Sarasota, FL 34239

OFF-MARKET
Retail space
Property ID
US18-3025213
14,043 SF 0.97 ac lot Built 1958
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,908 square foot restaurant space is located at 1830 S Osprey Ave #104, Sarasota, FL 34239, near Hillview. The single-tenant property is a fully operational restaurant, ready for immediate occupancy. It boasts a modern, well-maintained kitchen equipped with all necessary appliances and stylish furnishings. The versatile layout is suitable for a variety of dining concepts. High foot traffic and excellent visibility ensure a strong potential for attracting customers. All licenses, fixtures, and inventory are included in the sale. The asking price for the leasehold and key-money assets is $225,000. This is a fantastic opportunity for an established restaurateur or a new entrepreneur looking to launch a thriving business in a prime Sarasota location. The property offers unmatched convenience and significant potential for success.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1958
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,043 SF
Lot 0.97 ac (42,250 SF)
Zoning code CN
APN 2037-15-0001
UPID US18-3025213

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Renovation Specialist
  • Tanning Salon
  • Art Gallery Art Dealer
  • Restaurant
  • Restaurant

Location

1830 Osprey Ave Sarasota, FL 34239-3615
Sarasota metro Census 501 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.28M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.37M

Owner & transaction history

since 2022
Last sale
$6.3M
6 recorded transactions
2022
$6.3M
2016
Price N/A
2015
$4.1M
2002
$375,000
2002
$750,000
1969
Price N/A

Zoning & alternative use

CN · Sarasota, FL
Zoning description

The intent and purpose of the CN district is to permit small-scale neighborhood oriented commercial facilities and to facilitate their proper development and use through substantial buffering and design techniques to les…

General category COMMERCIAL
Top alternative use upside
Neighborhood: shopping center $9.9M +77.6%
Commercial (general) $9.8M +76.5%
Restaurant $8.7M +57.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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