2080 Constitution BlvdSarasota, FL 34231

Property Details for 2080 Constitution Blvd

Year built

1977

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.23 AC

Property size (Sq ft)

3,344 SF

Zone code

CN

Property type

Retail space

APN

0086-13-0005

APU

86130005

Description

This 3,344 square foot vacant retail building, located at 2080 Constitution Blvd in Sarasota, Florida (zip code 34231), is offered at $795,000 ($237.74/sq ft). Built in 1977, the single-story structure sits on a single lot and features 12 parking spaces. Previously occupied by an Italian market, the property boasts a triple compartment sink, multiple deli coolers, some remaining deli equipment, an exhaust hood with Ansul system, grease trap, walk-in freezer and cooler, a few offices, and two bathrooms. Additional storage or expansion space is available in the rear, along with a front patio. The building is zoned Commercial Neighborhood (CN), offering a wide range of potential uses. Permitted uses under the CN zoning may include, but are not limited to, live/work spaces, group living facilities, daycare centers, pet grooming businesses, places of worship, bars, and lodges. This property presents a unique opportunity for investors and entrepreneurs seeking a versatile commercial space in a desirable Sarasota location. The property's history as a successful Italian market provides a strong foundation for a variety of future ventures. The ample parking and convenient location further enhance its appeal. This is a prime opportunity to acquire a well-situated commercial property with significant redevelopment potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,421,543

  6.5%

  $1,312,193

  7%

  $1,218,465

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,678,535

  Geo Method

  $1,539,001

• Alternative Use

  Use

  Valuation

  Residential

  $1,106,884

  Hospitality

  $1,013,900

  Educational

  $843,553

  Medical

  $872,564

  Retail

  $1,312,193

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.2696

Longitude

-82.529

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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