Seven Cedars LLC | 4195 N Tamiami Trl
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Seven Cedars LLC 4195 N Tamiami Trl
3,000 SF Retail Building Sarasota, FL 34234 $850,000 ($283/SF)
Investment Highlights
- Lot at corner of busy Tamiami Trail (U.S.41) and 42nd Street. The building is currently occupied by Kasa Sushi and Japanese Restaurant.
- Site is on high ground, and has never been threatened by flooding over the past 50 years
- Building is all solid concrete block.
- Site is also excellent investment opportunity as City of Sarasota approved apartment project on Tamiami Trail north of 42nd St, last year
- Site has 20 parking spaces and high Pylon sign, which provides very good visibility
- building comes with custom fabricated clear polycarbonate Hurricane shutters
Executive Summary
Our Family has owned this property since 1973. The current building which was built in 1987 was operated as a KFC until 2007. The elevation of the site is approximately 21 feet, and has never flooded in all of the years we have owned it. It is in Flood Zone D according to the Sarasota County Flood Map, and therefore is outside of an evacuation zone.
The Sarasota County Property Appraiser has the 2024 value of the building and Land at $867,200, which is up from $761,800 in 2023.
The 2024 combined Taxes and Assessments from the Sarasota County Tax Collector is $12,167,66.
Property is currently site of Kasa Sushi Japanese Restaurant, and has been in operation here since 2016.
However sale is for building and land only.
Tenant Lease and Tenant's Equipment to be bought out for 8% of Sale Price.
Therefore since 8% of $850,000 is $68,000, that would be the amount for the Buyout of the Lease and the and the Equipment of the Tenant.
If the Buyer does not want the Equipment owned by Kasa Sushi then the Buyer can subtract $5,000 from the $68,000.
That would make the Buyout of the Lease $63,000.
Floor is Quarry Tile throughout. Permit allows for 56 seats. Two restrooms. 20 foot stainless steel hood. Electric and gas for cooking equipment. Two walk-in coolers. If buyer is interested in purchasing the building as a restaurant the owner of the restaurant will sell his equipment and furnishings for $5,000.00
Site is also excellent investment opportunity. City of Sarasota has already partly approved development of 4 story apartment complex which will extend from 42nd Street to 47th Street on Tamiami Trail (U.S. 41). Ultimately up to 225 apartments were planned.
The Sarasota County Property Appraiser has the 2024 value of the building and Land at $867,200, which is up from $761,800 in 2023.
The 2024 combined Taxes and Assessments from the Sarasota County Tax Collector is $12,167,66.
Property is currently site of Kasa Sushi Japanese Restaurant, and has been in operation here since 2016.
However sale is for building and land only.
Tenant Lease and Tenant's Equipment to be bought out for 8% of Sale Price.
Therefore since 8% of $850,000 is $68,000, that would be the amount for the Buyout of the Lease and the and the Equipment of the Tenant.
If the Buyer does not want the Equipment owned by Kasa Sushi then the Buyer can subtract $5,000 from the $68,000.
That would make the Buyout of the Lease $63,000.
Floor is Quarry Tile throughout. Permit allows for 56 seats. Two restrooms. 20 foot stainless steel hood. Electric and gas for cooking equipment. Two walk-in coolers. If buyer is interested in purchasing the building as a restaurant the owner of the restaurant will sell his equipment and furnishings for $5,000.00
Site is also excellent investment opportunity. City of Sarasota has already partly approved development of 4 story apartment complex which will extend from 42nd Street to 47th Street on Tamiami Trail (U.S. 41). Ultimately up to 225 apartments were planned.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Year Built/Renovated
1987/2016
Price
$850,000
Price Per SF
$283
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
0.68 AC
Zoning
NT - Commercial
North Trail Overlay District
Parking
20 Spaces (6.67 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Kasa Japanese Restaurant
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Kasa Japanese Restaurant | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 2004-10-0037 | Total Assessment | $761,800 (2023) |
| Land Assessment | $561,200 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $200,600 (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
2004-10-0037
Land Assessment
$561,200 (2023)
Improvements Assessment
$200,600 (2023)
Total Assessment
$761,800 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2024
-
James Hunter - James Hunter
1 of 27
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
James Hunter
Seven Cedars LLC | 4195 N Tamiami Trl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.