For Sale
$75,000

11 Tamiami TrlOsprey, FL 34229

Thriving surf shop, high ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This established Osprey, Florida surf shop, located at 11 S Tamiami Trail, presents a unique investment opportunity. Boasting 1,800 square feet of retail space on a 21,800 square foot lot, this single-story, Class B building (built in 1974) enjoys high visibility on a major thoroughfare. The business includes a substantial inventory valued at over $110,000, encompassing rental equipment (chairs, umbrellas, surfboards, etc.), fixtures, and all supplier contact information. A recently added mural enhances curb appeal, and ample parking (12 spaces) ensures customer convenience. The current two-year lease (renewable), commencing September 1, 2023, and expiring September 1, 2025, offers flexibility. The business has a strong online presence, evidenced by twenty 5-star Google reviews, and recently expanded services to include jet ski rentals (jet skis sold separately). Financial records indicate a Net Operating Income (NOI) of $63,000, resulting in a significant capitalization rate. The asking price is $75,000, representing a compelling value proposition considering the inventory alone. The property is zoned CG/COMMERCIAL, GENERAL, and includes a website and training overview upon sale. A part-time employee (at $15/hour) is currently employed and may continue or be replaced. Monthly expenses, excluding rent (now negotiable), total approximately $3,911. This turnkey operation offers immediate income potential and significant growth opportunities within the vibrant Osprey beach community.

Highlights

  • Exceptional value: Acquire the business for less than the $110,000 inventory cost.
  • Strong NOI: Last year's Net Operating Income totaled $63,868.

Property Details for 11 Tamiami Trl

Property type
Square Feet
1,800 SF
Class
B
Year Built
1974
Buildings
1
Stories
1
Units
1

Location Insight

City
Osprey
County
Sarasota
State
Florida
Latitude
27.195889366723
Longitude
-82.490024262522
11 Tamiami Trl, Osprey, Florida

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11 Tamiami Trl
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