• TWO DUPLEXES SINGLE STORY (4 UNITS) ON SINGLE LOT
• SOUTHWEST BRADENTON
• 650 SQ. DT. EACH
• ANNUAL LEASES
• MULTI INDOOR AND OUTDOOR IMPROVEMENTS
• BUILT IN 1971
LISTING PRICE………………………. $390,000.00
PRESENT INCOME……..……………$3,750.00 PER MONTH
ANNUAL Income = $45,000 Net $36,676 Cap rate =9.4%
• Roof Replaced March 2013
• All AC units have been rebuilt in the last 5 years
Contact: Mark Gallagher – Florida Capital - 941-504-3498 Licensed Real Estate Broker
Location: 1001 Cocoanut Avenue / 10th St in Sarasota, FL
The former “Broadway/Starlite” Restaurant and Bar is located north of downtown Sarasota in a major development area with hundreds of apartments, condominiums and the redevelopment of a well-known cultural center / Van Wezel Performing Arts Hall.
Description: Built in 2009, the restaurant-property has 3 floors with a total of
9,907 sf (first floor 6,346 sf, second floor 2,500 sf / both restaurant-
use / 160 seats, third floor with 1,061 sf / office, apartment use).
Land-size, parking: 0.52 acre / 22,651 sf; there are 40 parking spaces.
Sales-Offer: $1.6 million (excludes the land).
Annual Rent: $105,000 / 3% annual increases, plus property- and sales-tax.
Contact: Mark Gallagher – Florida Capital - 941-504-3498 Licensed Real Estate Broker
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