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2207 72nd Ter

0.58 Acres of Industrial Land Offered at $695,000 in Sarasota, FL 34243

Investment Highlights

  • 0.58 Acre Lakefront Industrial Land
  • Less than 8 miles from the Sarasota UTC Mall and Interstate I75
  • Less than 8 miles from the Sarasota Beaches

Executive Summary

OWNER FINANCING AVAILABLE. Listed for sale by owner. First ever publicly listed for sale as of May 2024 - This is a very rare and unique opportunity to purchase lakefront industrial land zoned for warehouse/office space. This property is centrally located in the Sarasota area in an upscale industrial park - Centre Park. Located less than 8 miles from the Sarasota beaches, 8 miles from the Sarasota UTC mall / interstate I75 and only just 4 miles away from the Sarasota Bradenton International Airport (SRQ). You will not find a cleaner, nicer and more centrally located industrial park than Centre Park Industrial Park. In 2018 I personally spent over 9 months of researching all of the industrial areas within the Sarasota/Bradenton areas and nothing comes close to the quality of this industrial park and area. This industrial park is quieter and cleaner than most high end neighborhood subdivisions. Additionally, the street where this property is located cannot be extended any further, so there will be no further construction near you, your business neighbors now are your business neighbors in the future. Most of the land parcels available in this park are exactly 0.50 Acre and some pieces of land have combined (2) 0.50 Acre lots to have a 1 acre lot total. This piece of land is also unique in the fact that it is oversized to 0.5754 Acres which gives you some extra space on this property. The industrial park association fees are extremely affordable, only about ~$500/yearly.
If you take a look around the available industrial properties in the Sarasota/Bradenton areas you will find that there are not many available for sale and the ones that are, are extremely expensive. Some of these industrial buildings are in rough areas, old buildings, the buildings are too small or too big or the warehouse/office size ratio is off. The value is really in the land on any of these industrial properties as you can build exactly what you want and how you want it. Finding decent land or even a completed industrial building in a centrally located area that is nice is near impossible to find. Concrete and steel buildings can be purchased from anyone, but you cannot get the land just anywhere. The cost of this land + the cost of construction is actually less than the completed industrial buildings. Building material cost is also down by alot compared to 2-3 years ago with the shortage of materials during the pandemic.
*Please note - Some of the images may show that the land is cleared and has just grass on it. Those images are old and the land will need to be cleared in order to bring it back into a mowable condition. In 2021 I hired a company to clear the land and it was extremely affordable. The company came out and got it done cheap and in 1 day of work, I can contact them to get a quote for you or provide you with their number if you plan on clearing the land soon.
This property is being listed for sale by owner and I am willing to offer owner financing without interest at an agreed higher sale price. Contact me if you are interested in discussing further and we may be able to come up with a plan that works for you.

Property Facts

Price $695,000
Sale Type Owner User
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use
Commercial
  • Office
  • Retail Warehouse
  • Warehouse
Total Lot Size 0.58 AC

1 Lot Available

Lot

Price $695,000
Price Per AC $1,208,696
Lot Size 0.58 AC

0.5754 Acres or 25,066 Square Feet Lakefront Industrial Warehouse/Office Zoned Land. Multi Warehouse/Multi Office Build Possible.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
19759-3145-9
Land Assessment
$191,531
Improvements Assessment
$0
Total Assessment
$191,531

zoning

Zoning Code LM (Warehouse/Office Zoning with Multiple smaller warehouses/offices possible.)
LM (Warehouse/Office Zoning with Multiple smaller warehouses/offices possible.)
  • Listing ID: 31895014

  • Date on Market: 5/22/2024

  • Last Updated:

  • Address: 2207 72nd Ter, Sarasota, FL 34243

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