1419 & 1427 7TH STREET, SARASOTA, FL 34236
$997,500
Commercial 1,903 Square Feet Taxes: $3,597.00 Built in 1935 Type: Retail Listed on 08/14/2017 MLS # A4193996

Description of 1419 & 1427 7TH STREET, SARASOTA, FL 34236

This is one of the few remaining prime development sites in the red hot Rosemary District. There are 13,350 square feet of DTE Rosemary Overlay District, which can handle a 5-story 22-residence condominium or mixed use project. Rosemary Overlay District allows 75 homes per acre. It is just 100 feet off busy Central Avenue and only blocks away from Sarasota Bay, bustling downtown Sarasota and the arts and entertainment district. Newly invigorated Rosemary District now offers many restaurants, art galleries and shopping and design opportunities. While you are waiting to design and develop, there are two buildings onsite with income of over $2,100 per month and 11 paved parking spaces, with built-in lease increases every year. The commercial use building is an NNN lease. The two-bedroom, one-bath residential unit is leased on a month-to-month basis, enabling the buyer to use as they see fit after closing day. While the second building is leased for six more years, over $150,000 in building improvements and the newly paved parking areas have been made in the last 12 months. The residential unit could be added to the potential use for the second building for future use, or for a completely different purpose. New roofs installed on both buildings in 2006. Both buildings tented for WDO in 2017. Lister has a list of sales in the Rosemary District for review and for comparison purposes. The Rosemary District has finally arrived. Don’t wait a minute longer. Call the associate directly for specific showing times.

Directions to 1419 & 1427 7TH STREET, SARASOTA, FL 34236

Downtown Sarasota Rosemary District: From US41, east on Fruitville, north/left on Central, right on 7th Street. Property consists of 1st and 2nd buildings on your left/north side of street, just past vacant lot.

Features of 1419 & 1427 7TH STREET, SARASOTA, FL 34236

Heating/Cooling

  • Central air
  • Central heat

Exterior

  • Stucco exterior

Lot

  • Frontage: 100
  • Improvement: sidewalks
  • Lot acreage is: 0.31
  • Lot dimension is: 100 x 133.5
  • Lot zoned: DTE

Interior

  • Cable television available
  • Carpet
  • Tile flooring

Roofing

  • Metal roof
  • Shingle roof

Construction

  • Total square feet: 1903.00
  • Units in building(s): 2

Other

  • Pets allowed
  • Tax year: 2017

Mortgage Payments for 1419 & 1427 7TH STREET, SARASOTA, FL 34236

The approximate monthly Principal & Interest payment for this property would be $4,870. This payment is based on a 30-year loan at a fixed rate of 4.54 % with a down payment of $99,750. Actual lender interest rates and loan programs may vary.

Use our Mortgage Payment Calculator to determine a more exact payment estimate.