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    FOR LEASE
    Commercial land

    3120 Gulf Of Mexico Dr, Longboat Key, FL 34228

    0.67 ac lot
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US18-2290440
    Property summary
    AI-generated overview

    Brista Commons, a stunning Class A retail and office plaza located on Longboat Key's prestigious Gulf of Mexico Drive, offers unparalleled visibility and foot traffic. This two-building complex totals 10,890 square feet, featuring seven suites across one story. The property is zoned C-1 and boasts a modern design, perfectly complementing the island's luxurious coastal charm. Spaces are available for lease, with a minimum divisible space of 1,178 square feet and a maximum contiguous space of 7,390 square feet. The property is ideal for a variety of uses, including creative office, medical office, restaurant, and boutique businesses. Brista Commons caters to diverse business needs, offering build-to-suit options to create a space perfectly tailored to your specific requirements. All necessary approvals have been obtained, and permits are submitted, ensuring a streamlined process for tenants. This is an exceptional opportunity to establish or expand your business in a prime Longboat Key location. The flexible space allows for customization, whether you need a large storefront or a smaller, more intimate office. Benefit from the high visibility and strong foot traffic associated with this Gulf-front location. Seize this chance to elevate your business within this premier plaza.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.67 ac (29,000 SF)
    Zoning code C1
    APN 0005-08-0025
    UPID US18-2290440
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.40M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.26M
    Owner & transaction history
    3150 Gmd LLC · 4 yrs held
    3150 Gmd LLC
    since 2021
    Last sale
    $1.1M
    5 recorded transactions
    2021
    $1.1M
    2021
    2017
    2009
    $1.9M
    2000
    $915,000
    Zoning & alternative use
    C1 · Longboat Key, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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