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7778 Westmoreland Dr 2,412 SF 100% Leased Office Building Sarasota, FL 34243 $822,197 CAD ($340.88 CAD/SF)
INVESTMENT HIGHLIGHTS
- U.S. 41 Frontage
- 2 bdr 1 bath apartment - 2nd floor
- New roof 2022
- Income-producing
EXECUTIVE SUMMARY
Free standing mixed use building with frontage on N. Tamiami Trail. Two story block construction building includes a second floor two bedroom one bath 1,000 sf +/- apartment currently leased through February 2026. The 1,500 sf +/- first floor office consisting of three offices, conference room, receptionist area and an ADA compliant bathroom is currently vacant and also available for lease. Built in 1952 renovated including new roof in 2022. The property is zoned GC and allows for retail sales, business services, medical or professional offices, childcare, medical marijuana dispensary along with other allowed uses. General Commercial District (GC). The purpose of this district is to provide for a variety of retail use and services in free-standing parcels or shopping centers to serve the community's general commercial needs. This district may also facilitate attached dwellings, multifamily residential, and mixed-use (including multi-family residential). There are seven parking spaces, and the annual average daily traffic flow is 39,000 vehicles per day. Perfect for an end user or as an income producing property.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$4,767
|
$1.98
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,767
|
$1.98
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes (CAD) | |
|---|---|
| Annual | $4,767 |
| Annual Per SF | $1.98 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $4,767 |
| Annual Per SF | $1.98 |
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
2,412 SF
Building Class
B
Year Built/Renovated
1952/2022
Price
$822,197 CAD
Price Per SF
$340.88 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,206 SF
Building FAR
0.79
Lot Size
0.07 AC
Zoning
GC - General Commercial District (GC).
Parking
7 Spaces (2.9 Spaces per 1,000 SF Leased)
AMENITIES
- Kitchen
- Hardwood Floors
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 66678-0000-4 | Total Assessment | $243,377 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $4,767 CAD ($1.98 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
66678-0000-4
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$243,377 CAD (2025)
Annual Taxes
$4,767 CAD ($1.98 CAD/SF)
Tax Year
2024
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7778 Westmoreland Dr
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