3112 Southgate Cir Sarasota, FL 34239-5502

Property Details for 3112 Southgate Cir

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.31 lot acres

Property size

2,310 SF

Zone code

CN

Property type

Office buildings

APN

0057-01-0002

APU

57010002

Description

This exceptional investment opportunity presents a thriving retail center located at 3112 Southgate Circle in Sarasota, Florida. The property boasts a substantial 8,883 square feet of space situated on a highly visible 0.31-acre corner lot on Southgate Circle. Currently housing five tenants, the property generates a consistent monthly income of approximately $9,500. Four of the five tenants are on month-to-month leases, providing significant flexibility for future income growth and property management. The property features ample parking, a key advantage for attracting and retaining customers. The seller covers one monthly water bill. The property is offered at $1,898,000. There is no "For Sale" sign on the property. The seller is open to considering owner financing options, making this an attractive proposition for investors seeking a strong return on investment with potential for future appreciation. This prime retail location in the Southgate area offers a rare chance to acquire a well-established, income-producing asset with considerable upside potential. The month-to-month leases provide the new owner with the ability to adjust rental rates and tenant mix to maximize profitability. The ample parking and high visibility location ensure continued success for the tenants and the property's overall value. This is a turnkey investment ready for immediate income generation.

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Longitude

-82.5145

Latitude

27.3062

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments