2015 S Tuttle Ave 9,820 SF 100% Leased Office Building Sarasota, FL 34239 $1,995,000 ($203.16/SF) 7.62% Cap Rate

Sarasota Rare Mixed-Use property For Sale | 7.6+/-% CAP | Seller Financing Considered
Price adjusted & Seller is motivated
Step into the world of opportunity with Harmony @ Hyde Park, a mixed-use gem located in the heart of Sarasota. This two-story building boasts six fully-occupied multifamily rental units, 4,400 sf of ground floor office space, and ample parking for all tenants. With masonry/block construction and a newer roof, this property is not just a place to invest, but a place to thrive.
Dive into the potential of this investment with numerous value-add opportunities waiting to be explored. Whether you're looking to capitalize on live-work accommodations or seeking a solid return on investment, Harmony @ Hyde Park offers a versatile canvas for your financial success. The property's updates and enhancements create a seamless transition for new ownership, ensuring a smoother cash flow and increased desirability for tenants.
Discover the allure of the Spacious 2BR/1BA apartment units, each averaging around 900 sf with balconies. These updated units command high rental rates, currently averaging $1,800+ per month, offering a lucrative income stream for investors. With tenants responsible for their electricity, this property presents a hassle-free investment opportunity in a thriving market.
Elevate your investment portfolio with ground floor office space that is fully occupied and rented, providing a stable income stream for savvy investors. With market rates trending higher at around $20 psfpy, the potential for increased returns is within reach. The property's strategic location in a predominantly residential area adds exclusivity and desirability for tenants seeking a prime business location. NOT in a flood zone (Fema map included in this OM)
Embrace the best of both worlds as an investor with Harmony @ Hyde Park. This mixed-use property not only offers a diverse income stream but also allows for strategic mitigation of market fluctuations. By diversifying between office and multifamily spaces, investors can safeguard their investment against the volatility of a single asset class, ensuring long-term stability and profitability.
Immerse yourself in the world of commercial real estate investment with DPCRE, LLC's exclusive opportunity to own a rare multifamily/office mixed-use property near downtown Sarasota. With recent capital improvements enhancing the property's appeal and functionality, this investment promises a seamless ownership transition and a promising future of financial growth. Don't miss out on the chance to secure your spot in this dynamic and lucrative market.