40 Pineapple AveSarasota, FL 34236

Property Details for 40 Pineapple Ave

Year built

1925

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

8,142 SF

Zone code

DTC

Property type

Office buildings

APN

2027-03-0067

APU

2027030067

Description

This exceptional 1,949 square foot retail space presents a unique investment opportunity. Currently operating as a single-tenant, established Spanish MedSpa franchise, this turnkey operation includes all necessary equipment and permits for immediate occupancy. The monthly rent is $10,000, encompassing the commercial space itself, advanced MedSpa equipment, a comprehensive security system, and access to a billing system. The lease also provides a valuable marketing plan, ongoing advisory and support throughout the lease term, and assistance with social media management, specifically targeting the Latino market. Further support includes engagement opportunities with local city activities and the Latino Chamber of Commerce. This comprehensive package minimizes upfront investment and operational complexities, allowing for a seamless transition and immediate revenue generation. The billing method for franchise royalties is negotiable and will be discussed during the lease negotiation process to ensure a mutually beneficial agreement. This is a rare opportunity to acquire a fully operational, high-demand business in a prime retail location. The property's turnkey nature and included support services make it an ideal investment for experienced entrepreneurs seeking a profitable venture with minimal start-up costs. The existing franchise infrastructure and established client base provide a strong foundation for continued success.

• CAP approach

  CAP return

  Valuation

  6%

  $2,159,748

  6.5%

  $1,993,614

  7%

  $1,851,213

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,633,363

  Geo Method

  $1,486,974

• Alternative Use

  Use

  Valuation

  Residential

  $2,472,081

  Hospitality

  $2,264,413

  Educational

  $1,883,965

  Medical

  $1,948,757

  Retail

  $2,930,612

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3357

Longitude

-82.5421

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].