1112 Whitfield Ave 18,055 SF 80% Leased Retail Building Sarasota, FL 34243 $2,399,000 ($132.87/SF) 6.04% Cap Rate

Value add opportunity with short Leases that are below market and a vacant 4025 SQ FT warehouse. Once stabilized this subject property has potential to be a +/- 9 cap. The site is comprised of ~14030 SQ FT retail building and 4025 SQ FT warehouse sitting on 2.58 acres. The front retail building has 14 units divided into 6 multi size units that range from 1002 SQ FT to 4008 SQ FT. The rear building is a stand alone concrete block warehouse with plenty of parking. The warehouse was owner occupied and will be delivered vacant upon possession. The retail building has a metal roof that was installed in 2024 and the warehouse has a metal roof that was installed in 2020. The parking lot was was paved, striped and sealed in 2024. The subject property has plenty of parking ~ 6:1. Signage on bulkhead and monuments sign. Good Ingress in front and behind the retail building.