3593-3599 Webber StSarasota, FL 34239

Property Details for 3593-3599 Webber St

Property size (Sq ft)

5,791 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 5-unit, 5,791 square foot shopping center in Sarasota, Florida, presents a compelling investment opportunity. Located at 3593-3599 Webber Street, 34239, this Class C retail property boasts a strong 6.82% capitalization rate and a substantial net operating income (NOI) of $98,800. Currently fully leased with five tenants under a modified lease structure, the property offers a stable income stream and significant growth potential. The asking price is $1,449,000, translating to $250.22 per square foot. The property is ideally suited for a 1031 exchange. Situated in a thriving commercial area experiencing significant growth, this investment promises a reliable return and future appreciation. The property benefits from professional management, ensuring smooth operations and high tenant satisfaction. This stabilized investment is a rare find in the competitive Sarasota market, offering a blend of immediate income and long-term growth prospects. The property's prime location and diverse tenancy make it an attractive asset for discerning investors seeking a secure and profitable addition to their portfolio. The property is professionally managed, ensuring smooth operations and tenant satisfaction.

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3088

Longitude

-82.4977

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