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2289-2291 Ringling Blvd 2,539 SF Retail Condo Unit Offered at $1,371,108 CAD in Sarasota, FL 34237
Executive Summary
2289 Ringling Blvd, Sarasota, FL 34237. This single-story, two-unit commercial building sits on the northwest corner of Ringling Boulevard and Lime Avenue, a high-visibility corridor just minutes from Downtown Sarasota. Built in 1956, the property contains two separate units, totaling approximately 2,539 SF on a 0.11-acre lot. The building is currently a pizzeria. Zoned Commercial General (CG), the property offers exceptional flexibility for a variety of uses, including retail, office, or restaurant space. This is a prime opportunity to acquire a well located,income-producing asset with significant value-add potential in a thriving market.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Cap Rate | 3.72% |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.72% |
Sale Notes
2289 Ringling Blvd, Sarasota, FL 34237. This single-story, two-unit commercial building sits on the northwest corner of Ringling Boulevard and Lime Avenue, a high-visibility corridor just minutes from Downtown Sarasota. Built in 1956, the property contains two separate units, totaling approximately 2,539 SF on a 0.11-acre lot. The building is currently a pizzeria. Zoned Commercial General (CG), the property o?ers exceptional flexibility for a variety of uses, including retail, office, or restaurant space. This is a prime opportunity to acquire a well located, income-producing asset with significant value-add potential in a thriving market.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2289-91 | 2,539 SF | Retail | $1,371,108 CAD ($540.02 CAD/SF) | $51,056.26 CAD |
Unit 2289-91
| Unit Size |
| 2,539 SF |
| Condo Use |
| Retail |
| Price |
| $1,371,108 CAD ($540.02 CAD/SF) |
| NOI |
| $51,056.26 CAD |
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Unit 2289-91
| Unit Size | 2,539 SF |
| Condo Use | Retail |
| Price | $1,371,108 CAD ($540.02 CAD/SF) |
| NOI | $51,056.26 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.72% |
| Sale Notes | |
| 2289 Ringling Blvd, Sarasota, FL 34237. This single-story, two-unit commercial building sits on the northwest corner of Ringling Boulevard and Lime Avenue, a high-visibility corridor just minutes from Downtown Sarasota. Built in 1956, the property contains two separate units, totaling approximately 2,539 SF on a 0.11-acre lot. The building is currently a pizzeria. Zoned Commercial General (CG), the property o?ers exceptional flexibility for a variety of uses, including retail, office, or restaurant space. This is a prime opportunity to acquire a well located, income-producing asset with significant value-add potential in a thriving market.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 2,539 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 2,539 SF |
| Property Subtype | Restaurant | Year Built | 1956 |
| Building Class | B | Lot Size | 0.11 AC |
| Zoning | CG - Commercial General (CG) Zoning District - Sarasota County, FL | ||
| Total Building Size | 2,539 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Restaurant |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 2,539 SF |
| Year Built | 1956 |
| Lot Size | 0.11 AC |
| Zoning | CG - Commercial General (CG) Zoning District - Sarasota County, FL |
Moderately walkable
70/100
Fairly drivable
50/100
Limited public transit
30/100
Moderately bikeable
60/100
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Fresh Mozzarella Pizzeria |
2,539 SF
|
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|
Nearby Major Retailers
Sprouts Farmers Market
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Photos
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2289-2291 Ringling Blvd
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