For Sale
$1,898,000

3112 Southgate Cir Sarasota, FL 34239

Multi-Tenant Retail Investment, Excellent Location

Overview

Added:
Feb 3
Days on market:
81
This exceptional investment opportunity presents a thriving retail center located at 3112 Southgate Circle in Sarasota, Florida. The property boasts a substantial 8,883 square feet of space situated on a highly visible 0.31-acre corner lot on Southgate Circle. Currently housing five tenants, the property generates a consistent monthly income of approximately $9,500. Four of the five tenants are on month-to-month leases, providing significant flexibility for future income growth and property management. The property features ample parking, a key advantage for attracting and retaining customers. The seller covers one monthly water bill. The property is offered at $1,898,000. There is no "For Sale" sign on the property. The seller is open to considering owner financing options, making this an attractive proposition for investors seeking a strong return on investment with potential for future appreciation. This prime retail location in the Southgate area offers a rare chance to acquire a well-established, income-producing asset with considerable upside potential. The month-to-month leases provide the new owner with the ability to adjust rental rates and tenant mix to maximize profitability. The ample parking and high visibility location ensure continued success for the tenants and the property's overall value. This is a turnkey investment ready for immediate income generation.

Property Details for 3112 Southgate Cir

Property type
Retail properties
Square Feet
8,883 SF
Year Built
1960
Lot Size (sq. ft)
13,504 SF

Location Insight

City
Sarasota
County
Sarasota
State
Florida
Latitude
27.30608
Longitude
-82.51454

FAQs

What type of property is this?
Retail property - Multi-Tenant Retail Investment, Excellent Location
Where is the retail property located?
The property is located at 3112 Southgate Cir Sarasota, FL.
What is the asking price?
The asking price for this property is $1,898,000.
How can I contact the broker?
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3112 Southgate Cir
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