650 Central AvenueSarasota, FL 34236MLS Number A4446576

  • Price: $4,295,000
  • 495 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 2.77% last updated on Jan 21, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Pending
650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236650 Central Avenue Sarasota FL 34236
QR Code
  • 1.09Acreage
  • 2002Year Built
  • 25,838Square Feet

Driving Directions

A rare opportunity to acquire Rosemary Central located @ 650 Central Ave in the booming Rosemary District of vibrant downtown Sarasota, FL. The Property is a fully stabilized mixed-use commercial property consisting of 5 commercial retail storefronts, 5 modern condominium style apartments, 7 townhomes and a villa. Located on over one acre of land and encompassing nearly a full city block, Rosemary Central has a long history of full occupancy, rapidly increasing income and an enormous opportunity to further enhance the value by the ability to further develop the property with a far greater density of residential units. This well maintained property offers a diversified rent roll with a strong base of commercial and residential tenants. Five spacious store-front retail/office suites located directly on busy Central Ave representing durable cash flow and stability for a new owner. The richly updated Residential units are comprised of 2nd story modern flats above the commercial suites, a standalone building with townhomes and a garden style villa. The Rosemary District has seen huge growth over the past 5 years, bringing in a vibrant food and art scene with plenty of selections for everyone's preferences. This is a very well maintained property with extremely stable income and an enormous amount of future development potential that would further enhance this amazing opportunity.
Listed by Angelia Young of A YOUNG REALTY GROUP INC

Ask A Question

Do not fill in this field:

More Info

Location Information

  • Road FrontageBusiness District, City Street

Parking

  • Parking Features Curb Parking, Over 30 Spaces

Location

  • Address650 Central Avenue
  • AreaSarasota
  • Building Number650
  • CountySarasota
  • Directions From the intersection of us41 and fruitville rd travel east on fruitville, go north on central, property will be on your right at 650 central ave.
  • Leasable Area 22842
  • StateFL
  • StreetCentral
  • SubdivisionPos Sub
  • TownSarasota
  • Township 36
  • Zip34236

Water Body

  • MFR Water Access YN No
  • MFR Water View YN No
  • Waterfront YN No

Other

  • Date Listed09/21/2019
  • MFR Flood Zone Code AE
  • MFR Flood Zone Date 2016-11-04
  • Security Features Security Fencing/Lighting/Alarms, Smoke Detector(s)
  • View Count5

Basic Information

  • List Price$4,295,000
  • MLS NumberA4446576
  • Mls Status Pending
  • StatusPEN

Building

  • Building Area Source Public Records
  • Garage Spaces
  • MFR Ceiling Type Acoustical, Drywall
  • MFR Office Retail Space Sq Ft 7152
  • RoofMetal
  • Units18
  • Year Built2002

Utilities

  • Cooling Central Air
  • Heating Central
  • Sewer Public Sewer
  • Utilities Public

Amenities

  • Community Features Sidewalks
  • UsmAmenitiesGarden

Tax Information

  • Tax Year 2019
  • Taxes$47,313

Basic Information

  • Property SubTypeMixed Use
  • Virtual TourView Tour

Property

  • Business Type Mixed, Professional/Office, Residential, Retail
  • Living Area 22842
  • ZoningDTE

Interior

  • Flooring Carpet, Ceramic Tile, Other

Property Information

  • Acreage1.09
  • Construction Materials Block, Wood Frame
  • Lot Description
    • Central Business District
    • City Limits
    • Corner Lot
    • Near Public Transit
    • Oversized Lot
    • Paved
    • Retention Areas
    • Sidewalk
    • Street Lights
  • Lot Size Square Feet 47,580
  • MFR Total Acreage 1 to less than 2
  • Square Feet25,838
Coldwell Banker Residential Real Estate | Kelly Rosenberg
Coldwell Banker Residential Real Estate | Kelly Rosenberg
Office: 941-961-4948
201 Gulf of Mexico Dr.
 Suite 1
Longboat Key, FL 34228

Based on information submitted to MFRMLS as of January 27, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MFRMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: