Home for sale in none $2,395,000
201-205 Montgomery Ave Sarasota Florida 34243 none $2,395,000
This bedroom, bath located at 201-205 Montgomery Ave, Sarasota, FL. It is currently listed for $2,395,000 and has a price per sqft of $195.43. This home is currently Active under the MLS#: A4196315. It is listed by Jonathan Abrams of Michael Saunders & Company.The building is constructed of Block. 201-205 Montgomery Ave, Sarasota was built in 1990. It has a for parking. The homeowners association fees are Call For Price each .
201-205 Montgomery Ave, Sarasota, FL has been on the market for 120 days. Please contact one of Forbes Property Group’s top-rated agents to see this property and to ensure you get the best price for 201-205 Montgomery Ave, Sarasota, FL.
Looking for incredible cash flow with a land bank opportunity? 201 & 205 Montgomery Ave offer over a true 10% NET return per the leases in place. The main tenant is a national medical billing firm that has already exercised 2 five year options and has 2 five year options remaining after the current term expires. Centrally located just 7 minutes from downtown Sarasota on highly trafficked US 41 (45,000+ cars per day) and close to Bradenton, this office complex is convenient to employees living in the two county area. The 5 buildings have all been updated over the years with newer roofs and well maintained. As a land bank, development continues to move North from Downtown Sarasota and around the SRQ international airport (just 1 mile away). The buildings are well situated to be converted to a full medical complex for future uses down the road. To build a complex of this size today, on over 1 acre of US41 frontage, with 5 separate buildings, the estimated cost would be well over $4M. Don’t miss out! Earn 10% now and equity for the future!
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Lee ForbesThis property is listed by Michael Saunders & Company. Forbes Property Group may represent you as a Buyer's Broker.
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