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Property profile & analytics
FOR SALE
Retail space

3623 Webber St Sarasota, FL 34232

1,467 SF 0.06 ac lot Built 1982
Entity Owned 29-yr Hold Absentee Owner Free & Clear
Property ID
US18-9258580
Property summary
AI-generated overview

This freestanding, two-story, 2,934 square foot shopping center is located in Sarasota, Florida, at the high-traffic intersection of Webber and Beneva Streets, boasting over 30,000 vehicles daily. Built in 1982, this Class B property features two 1,467 square foot units, each with its own storefront entrance. The ground floor unit includes a reception area, four private offices, multiple storage closets, a kitchenette, two bathrooms, and a shower. The upper unit offers an open workspace, four private offices, and two restrooms. The property sits on a 3,086 square foot lot and is zoned CG. Ample surface parking ensures convenient access. The asking price is $699,000, translating to $238.24 per square foot. This vacant property presents an excellent opportunity for owner-occupancy or lease-out for strong cash flow. The surrounding area demonstrates significant residential density and high average household income: within one mile, there are 6,521 households with an average income of $75,884; within five miles, 102,152 households with an average income of $73,586; and within ten miles, 182,657 households with an average income of $77,432. This property offers a compelling investment opportunity in a thriving Sarasota location. The gross lease type and vacant tenancy provide flexibility for the new owner.

Property profile
Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1982
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,467 SF
Lot 0.06 ac (2,640 SF)
Zoning code CG
APN 0060-13-0006
UPID US18-9258580
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
Current use
Occupant on record · Public records
  • New Moka Oriental Massage SPA Alternative Medicine Practice Spa & Massage Center
  • Super Circle Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
LEONE ENTERPRISES INC
LEONE ENTERPRISES INC
Zoning & alternative use
CG · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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