4047 Bee Ridge Rd
Sarasota, FL 34233
Office Property For Sale

OWNER FINANCE !! VALUE ADDED !! Owner is looking for a Contract ! 16,000sf Commercial General Property with freestanding 2,560sf office building, including a 9000sf Secured Storage Yard-- 43k+ daily car counts. Owner wants to shed this great property sooner than later! This is an awesome location and directly on the future Legacy Bicycle/Recreation Trail ! Currently at 5%+ Cap with current rents---property is fully rented, but under rental value in one unit. Value Added: The Added Value is the repatriation of property adjoining the subject property expanding to over 30,000sf with a deeded return of a 14,250 sf RR easement. Knowns: • It has been the practice that the adjacent property owner to Railroad, will receive clear title from Seminole RR, the existing property lines to center of track. This would be 285' depth by 50' wide or 14,250sf of dirt coming to owner/Buyer in this case. Buyer will get a return of proceeds of 7000sf, to be used for mortgage paydown per requested Terms of Sale. • 7000sf dirt will be sold back to County for Trail/bridging with 7,000 retained----and the owner of the property will have 23,000sf with 110 +/- lineal ft frontage on Bee Ridge • It is also known that the County's' practice is to buy back a portion of that easement, about 25ft wide or 7000sf based upon Last Sale recorded numbers. FUTURE: • Gain 14,000sf from Seminole RR to increase to 30,000sf on the land with 7000sf going back to County per practice/, leaving Buyer with 23,000sf of owned dirt. Building Est Replacement Value 125.00psf + Dirt Est. Value 25.00psf Hypotheticals $25.00 psf value x 23,000sf dirt $575,000.00 Building Replacement Value $320,000.00