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Property profile & analytics
FOR LEASE
Investment properties

6595 Midnight Pass Rd Sarasota, FL 34242

9,053 SF 0.92 ac lot Built 1975
Entity Owned 20-yr Hold Free & Clear
Property ID
US18-4205116
Property summary
AI-generated overview

This exceptional 102,530 square foot retail space presents a rare opportunity on Siesta Key, Sarasota County, Florida. Located in Crescent Plaza, this single-tenant property boasts an unparalleled location directly across the street from the renowned Siesta Key Beaches, ensuring high foot traffic and visibility. Built in 1975, the building offers a flexible, open floor plan, ideal for a variety of retail or office uses. To enhance the property's appeal and modernize its street presence, the landlord is committed to updating the building frontage with a new storefront, creating a contemporary and inviting retail experience. The property's convenient location within a walkable plaza attracts both locals and tourists, providing a strong customer base. This significant retail space offers substantial potential for businesses seeking a high-traffic, prime location on one of Florida's most desirable beaches. The sheer size of the space presents a unique opportunity for a large-scale retail operation or a business requiring significant square footage. This is a truly exceptional offering in a highly sought-after location.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1975
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,053 SF
Lot 0.92 ac (40,223 SF)
Zoning code SKOD; CG
APN 0108-09-0015
UPID US18-4205116
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
  • Palm Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.48M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.39M
Owner & transaction history
Davidson Midnight Pass LLC · 20 yrs held
Davidson Midnight Pass LLC
since 2005
1 recorded transaction
2005
Price N/A
Zoning & alternative use
SKOD; CG · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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