MLS® ID: A4196315

201-205 MONTGOMERY AVENUE

SARASOTA, Florida, 34243

$2,395,000 Active
  • - SQFT
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!
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Listing courtesy of (281502395) MICHAEL SAUNDERS & COMPANY

Amenities

  • Office name
    (281502395) MICHAEL SAUNDERS & COMPANY
  • SQFT
    0
  • Bedrooms
    0
  • Full baths
    0
  • Half baths
    0
  • Purchase Type
    Active
  • Year built
    1990
  • Lot size
    0.51
  • Heating
    Zoned/Multiple
  • Tax amount
    12960
  • Tax year
    2016
  • Office ID
    281502395
  • Agent ID
    281522608
  • Agent name
    Jonathan Abrams
  • Price Range
    $2m+
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1990-1999

Location

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