For Sale
$5,300,000

8247-8251 15Th StSarasota, FL 34243

50,284 SF Warehouse, Vacant, $5.3M

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a vacant, 50,284-square-foot warehouse in Sarasota, Florida. The property consists of two single-story buildings totaling 50,284 net rentable square feet, situated on a ground lease with 17 years remaining. The asking price is $5,300,000, translating to $105.40 per square foot. The warehouse features a 20-foot ceiling height and ample parking with 150 spaces. One loading dock is available for efficient operations. Located at 8247-8251 15th St E, Sarasota, FL 34243, this property benefits from its proximity to the airport and University Parkway, offering excellent accessibility. The property is zoned PDMU (Planned Development/Mixed Use), presenting potential for diverse uses. While one building is currently vacant, a separate building at this address is fully leased, generating substantial monthly rental income. This presents a unique opportunity to acquire a well-located industrial property with significant upside potential. The property is held under a partnership ownership structure.

Highlights

  • Vacant 50,284-square-foot warehouse in Sarasota, FL, asking $5,300,000 ($105.40/SF).
  • Two single-story buildings on a 17-year ground lease.
  • Features 20-foot ceilings, 150 parking spaces, and one loading dock.
  • Excellent location near the airport and University Parkway, zoned PDMU.
  • Adjacent building at 8251 15th St E is 100% leased with 15 tenants, generating approximately $51,000 monthly rent.

Property Details for 8247-8251 15Th St

Property type
Warehouses, Industrial properties
Square Feet
50,284 SF
Buildings
2
Stories
1

Location Insight

City
Sarasota
County
Manatee
State
Florida
Latitude
27.392482386017
Longitude
-82.546832947437
8247-8251 15Th St, Sarasota, Florida

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8247-8251 15Th St
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