Property profile

3120 Gulf Of Mexico Dr Longboat Key, FL 34228

OFF-MARKET
Commercial land
Property ID
US18-2290440
0.67 ac lot
Entity Owned 5-yr Hold Free & Clear
Saved · see the list in your Dashboard

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

Location

3120 Gulf Of Mexico Dr Longboat Key, FL 34228-2933
Longboat Key metro Census 802 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2021
Last sale
$1.1M
5 recorded transactions
2021
$1.1M
2021
Price N/A
2017
Price N/A
2009
$1.9M
2000
$915,000

Zoning & alternative use

C1 · Longboat Key, FL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3120 Gulf Of Mexico Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message