201-205 MONTGOMERY AVENUE, SARASOTA, FL 34243
PENDING (?)
$2,395,000
Commercial 12,255 Square Feet Taxes: $12,810.00 Built in 1990 Type: Office Listed on 09/15/2017 MLS # A4196315

Description of 201-205 MONTGOMERY AVENUE, SARASOTA, FL 34243

Looking for incredible cash flow with a land bank opportunity? 201 & 205 Montgomery Ave offer over a true 10% NET return per the leases in place. The main tenant is a national medical billing firm that has already exercised 2 five year options and has 2 five year options remaining after the current term expires. Centrally located just 7 minutes from downtown Sarasota on highly trafficked US 41 (45,000+ cars per day) and close to Bradenton, this office complex is convenient to employees living in the two county area. The 5 buildings have all been updated over the years with newer roofs and well maintained. As a land bank, development continues to move North from Downtown Sarasota and around the SRQ international airport (just 1 mile away). The buildings are well situated to be converted to a full medical complex for future uses down the road. To build a complex of this size today, on over 1 acre of US41 frontage, with 5 separate buildings, the estimated cost would be well over $4M. Don’t miss out! Earn 10% now and equity for the future!

Directions to 201-205 MONTGOMERY AVENUE, SARASOTA, FL 34243

From University Parkway go north on US 41 to right on Montgomery Ave. 201 Montgomery will be on the left.

Features of 201-205 MONTGOMERY AVENUE, SARASOTA, FL 34243

Heating/Cooling

  • Zoned heat

Exterior

  • Block exterior

Lot

  • Corner lot
  • Lot acreage is: 0.51
  • Lot on state road
  • Lot zoned: RSF3/HA/

Interior

  • Cable television available

Roofing

  • Shingle roof

Construction

  • Total square feet: 12255.00
  • Units in building(s): 5

Other

  • Tax year: 2017

Mortgage Payments for 201-205 MONTGOMERY AVENUE, SARASOTA, FL 34243

The approximate monthly Principal & Interest payment for this property would be $12,040. This payment is based on a 30-year loan at a fixed rate of 4.54 % with a down payment of $239,500. Actual lender interest rates and loan programs may vary.

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