This website uses "cookies" to ensure you get the best experience on our website. Using this website means you're OK with it.
Note

Opportunity Zone | Assisted Living Facility | Sarasota, FL

Listing was updated at: 06/03/2019
Opportunity Zone | Assisted Living Facility | Sarasota, FL Opportunity Zone | Assisted Living Facility | Sarasota, FL Opportunity Zone | Assisted Living Facility | Sarasota, FL Opportunity Zone | Assisted Living Facility | Sarasota, FL Opportunity Zone | Assisted Living Facility | Sarasota, FL Opportunity Zone | Assisted Living Facility | Sarasota, FL Opportunity Zone | Assisted Living Facility | Sarasota, FL Opportunity Zone | Assisted Living Facility | Sarasota, FL Opportunity Zone | Assisted Living Facility | Sarasota, FL Opportunity Zone | Assisted Living Facility | Sarasota, FL Opportunity Zone | Assisted Living Facility | Sarasota, FL Opportunity Zone | Assisted Living Facility | Sarasota, FL Opportunity Zone | Assisted Living Facility | Sarasota, FL Opportunity Zone | Assisted Living Facility | Sarasota, FL Opportunity Zone | Assisted Living Facility | Sarasota, FL Opportunity Zone | Assisted Living Facility | Sarasota, FL Opportunity Zone | Assisted Living Facility | Sarasota, FL Opportunity Zone | Assisted Living Facility | Sarasota, FL

Property Overview

Price/Rent PSF $ 1,250,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 2,701
Date Available 05/30/2019
Additional URL Link
Floors 1
Additional parameters Show
Search Demographic Data Explore financing options
Click to add the listing to favorites
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Copy iframe
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Make a Note
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Add to Listing Report
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Export PDF
You need to be logged in to do this. Click the link above to log in or register for free so you can do this

Description

Location
Located within an Opportunity Zone northeast of downtown Sarasota is Welcome Home, assisted living facility. This location is easily accessible from Bradenton or South Sarasota due to the reach of Tuttle Avenue(24,000 daily traffic count) making it a great option for residents across Manatee and Sarasota Counties. Fruitville Road offers direct access to Interstate-75 while the Sarasota-Bradenton International Airport is less than a 15-minute drive away.

Sale
This property is the ideal Opportunity Zone investment. Location and size of the property coupled with the income currently being produced provides investors with a turn key operation that can be expanded or redeveloped.

With a gross monthly income of $32,000 and enough land to develop a new operation or expand current operations, any buyer can meet Opportunity Zone substantial improvement requirements while operating a cash-flowing investment. The current RMF-1 zoning designation allows for 6 units of density per acre. Future land use will allow up for expansion of the current operation. Assemblage of the corner property is also a possibility. A possible rezone and redevelopment or expansion can make this property a valueable, cash-flowing asset for the foreseeable future.

See attached proforma for existing and expanded business. These proformas were put together using current expenses and a local operator that is willing to manage the property for a new owner.

Location

Are you sure you want to delete your listing

We recommend you archive listings rather than delete them, for future reference.

Can we add this to our comparable database?

Are you sure you want to archive your listing

Can we add this to our comparable database?

Please type your email and we'll send you the mail with all pdfs attached. You can also download each pdf from the list below.