2021 Tallevast RdSarasota, FL 34243

Property Details for 2021 Tallevast Rd

Year built

1967

Property size (Sq ft)

10,350 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional 10,350 square foot industrial warehouse, located at 2021 Tallevast Rd, Sarasota, FL 34243, presents a compelling investment opportunity. Boasting a strong 8.00% cap rate and a net operating income (NOI) of $336,000, this single-story building offers significant potential. Constructed in 1967, the property sits on approximately 5.02 acres and features a 16-foot ceiling height, ideal for various industrial uses. The asking price is $4,200,000, translating to a land value of $19.21 per square foot. The property benefits from a highly desirable location in Sarasota, Manatee County, directly across from a newly constructed Amazon distribution center. Additional features include approximately 10% office space, industrial outdoor storage (IOS), and heavy manufacturing (HM) zoning. The floor area ratio (FAR) is 4.73%. This property is offered with a 30-month absolute NNN sale leaseback. The APN is 20047.0000-7. This is a rare opportunity to acquire a well-located, high-performing industrial asset with significant upside potential.

Location Insight

City

Sarasota

County

Manatee

State

Florida

Latitude

27.4043

Longitude

-82.5389

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