3917 Royal Palm Ave, Sarasota, FL 34234

Commercial property for lease

• Description
• SBR Commercial is proud to present the exclusive listing on this 4-unit income producing property located five blocks east of Sarasota Bay. The Royal Palms Apartments (3719 Royal Palms Ave) offers an investor steady cash flow at an affordable price. The potential for seller financing coupled with increased rents makes the property an ideal investment for first-time buyers and seasoned owners alike. The property benefits from stable occupancy due to its proximity to both the world-renowned Ringling School of Art & Design and the University of South Florida / New College as well as its short commute to downtown Sarasota. The continued redevelopment of the North Trail and the parcel's favorable zoning will only enhance the property's value in years to come.* Upside Potential - Rents are below market* Favorable North Trail (NT) zoning, along with the parcel's excess land, would potentially allow for construction of up to 10 additional units.* Shopping Plaza located just to the Southwest is near the process of a complete remodel and re-tenanting.* Recent sale of a 20 unit property just to the west for $80k per unit.* Potential for residential financing exists.* Owner will consider seller financing. Building price details: $305,000.
• Contact info
• George William Kruse

  KELLER WILLIAMS REALTY SELECT
  Sean A Dreznin

  KELLER WILLIAMS REALTY SELECT
• Note

• Details Info about this row that located on 3917 Royal Palm Ave, Sarasota, FL 34234 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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