Discover Sarasota’s plethora of advantages, from warm weather and high quality of life to a diverse economy and flourishing workforce, with this unique lease or sale opportunity.
7110 21st Street E is an approximately 132,000-square-foot former yacht manufacturing facility consisting of three buildings on a 9.88-acre lot. It provides almost limitless potential as it is one of only two Heavy Manufacturing (HM) zoned properties in the area, which allows for about any industrial or commercial use, save for smokestacks. It maximizes productivity potential with direct rail access on the west end of the property, numerous 2-5 tone cranes, 3-phase power, and a 10,000-square-foot move-in ready office space to house administrative functions. The efficiency of 7110 21st Street E is further heightened with its ideal positioning a quarter mile from US Highway 301 to quickly access this booming market.
Economic indicators of the Sarasota market outpace the United States and most of Florida in nearly every category. After the economy grew 3.3% in 2022, it is projected to expand by 2.6% yearly through 2027. According to Oxford Economics, the United States is forecasted to only grow at a 2.3% clip over the same period. Industrial rents in the market were rising at an 11.5% annual rate during the first quarter of 2023 and have posted an average annual gain of 8.9% over the past three years, while the industrial vacancy rate is under 2%. Considering many of these factors, Wall Street Journal and Realtor.com rated Sarasota third in their Spring 2022 ranking that focuses on real estate markets and economic health. 7110 21st Street E now presents the opportunity to go hand-in-hand with the success of Sarasota from a highly efficient, multi-faceted property. Get in touch.
