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201-205 Montgomery Avenue
Sarasota, FL 34243
MLS# A4196315 ID: 47724931
12255 sq.ft.
$2,395,000
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Property Description
Commercial - 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!
Property Features
Status
Last Updated February 17, 2018
Market Status Available
Description
Property Type Commercial
Year Built 1990
Approx. Lot Size .51 Acres
Sq. Feet 12255
Building Features
Cooling System Zoned A/C
Heating System Zoned
Roof Wood Shingle
Exterior Features
Exterior Construction Block
Legal/Financial
Taxes 12960
Listing Features
Property Type Commercial;
Offered By:
Jonathan Abrams
Michael Saunders & Company (Siesta Key)
Schools Near Property

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School District Grades Type
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Preschool-12 Private
Preschool-8 Private
Preschool-12 Private
Preschool-8 Private
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-8 Public
Manatee County Public Schools Preschool-8 Public
Preschool-12 Private
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Preschool-10 Private
Manatee County Public Schools Preschool-preschool Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Diocese Of Venice Preschool-8 Catholic
Manatee County Public Schools Preschool-5 Public
Preschool-12 Private
Preschool-8 Private
Preschool-6 Private
Preschool-12 Private
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Preschool-8 Private
Manatee County Public Schools Preschool-5 Public
School District Grades Type
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Preschool-12 Private
Preschool-8 Private
Preschool-12 Private
Preschool-8 Private
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-8 Public
Manatee County Public Schools Preschool-8 Public
Preschool-12 Private
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Preschool-10 Private
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Diocese Of Venice Preschool-8 Catholic
Manatee County Public Schools Preschool-5 Public
Preschool-12 Private
Preschool-8 Private
Preschool-6 Private
Preschool-12 Private
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Preschool-8 Private
Manatee County Public Schools Preschool-5 Public
School District Grades Type
Manatee County Public Schools K-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools K-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools K-5 Public
Manatee County Public Schools Preschool-5 Public
Preschool-12 Private
Preschool-8 Private
Preschool-12 Private
Manatee County Public Schools K-5 Public
Preschool-8 Private
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
K-12 Private
Manatee County Public Schools K-5 Public
Manatee County Public Schools 3-12 Public
Manatee County Public Schools K-5 Public
Manatee County Public Schools Preschool-8 Public
Manatee County Public Schools Preschool-8 Public
Preschool-12 Private
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools K-5 Public
Manatee County Public Schools Preschool-5 Public
Preschool-10 Private
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools K-6 Public
Manatee County Public Schools K-12 Public
Manatee County Public Schools K-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools K-5 Public
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools K-8 Public
Manatee County Public Schools Preschool-5 Public
K-8 Private
Manatee County Public Schools K-5 Public
Manatee County Public Schools K-5 Public
Diocese Of Venice Preschool-8 Catholic
Manatee County Public Schools K-5 Public
Manatee County Public Schools Preschool-5 Public
Preschool-12 Private
Preschool-8 Private
K-12 Private
Preschool-6 Private
Preschool-12 Private
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools K-8 Public
2-12 Private
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools K-8 Public
Preschool-8 Private
Manatee County Public Schools Preschool-5 Public
Manatee County Public Schools K-5 Public
School District Grades Type
Manatee County Public Schools 6-8 Public
Preschool-12 Private
Manatee County Public Schools 6-8 Public
Manatee County Public Schools 6-8 Public
Preschool-8 Private
Preschool-12 Private
6-12 Private
Manatee County Public Schools 6-8 Public
Preschool-8 Private
K-12 Private
Manatee County Public Schools 3-12 Public
Manatee County Public Schools Preschool-8 Public
Manatee County Public Schools Preschool-8 Public
Preschool-12 Private
Manatee County Public Schools 6-8 Public
Preschool-10 Private
Manatee County Public Schools 6-8 Public
Manatee County Public Schools 6-8 Public
Manatee County Public Schools 6-8 Public
Manatee County Public Schools 6-12 Public
Manatee County Public Schools K-12 Public
Manatee County Public Schools 6-8 Public
Manatee County Public Schools 6-8 Public
Manatee County Public Schools 6-12 Public
Manatee County Public Schools K-8 Public
K-8 Private
Manatee County Public Schools 6-8 Public
Diocese Of Venice Preschool-8 Catholic
Manatee County Public Schools 6-8 Public
Preschool-12 Private
Manatee County Public Schools 6-12 Public
Preschool-8 Private
K-12 Private
Preschool-12 Private
Manatee County Public Schools K-8 Public
2-12 Private
Manatee County Public Schools 7-12 Public
Manatee County Public Schools K-8 Public
Manatee County Public Schools 6-8 Public
Preschool-8 Private
School District Grades Type
Manatee County Public Schools 9-12 Public
Manatee County Public Schools 9-12 Public
Preschool-12 Private
Preschool-12 Private
6-12 Private
K-12 Private
Manatee County Public Schools 3-12 Public
Preschool-12 Private
Manatee County Public Schools 9-12 Public
Manatee County Public Schools 9-12 Public
Manatee County Public Schools 6-12 Public
Manatee County Public Schools 9-12 Public
Manatee County Public Schools K-12 Public
Manatee County Public Schools 6-12 Public
Manatee County Public Schools 9-12 Public
Manatee County Public Schools 9-12 Public
Manatee County Public Schools 9-12 Public
Preschool-12 Private
Manatee County Public Schools 6-12 Public
K-12 Private
Preschool-12 Private
2-12 Private
Manatee County Public Schools 7-12 Public
Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.
Recent Sales Near Property
Address Beds Baths Price
1 3917 77th, Sarasota, Fl 34243 4 2 $270,000
2 7661 37th Street, Sarasota, Fl 34243 3 2 $84,568
3 7653 39th Street, Sarasota, Fl 34243 3 3 $280,000
4 7638 37th Street, Sarasota, Fl 34243 3 2 $237,000
5 7708 38th, Sarasota, Fl 34243 3 2 $256,000
6 7630 37th Street, Sarasota, Fl 34243 3 2 $178,000
7 7630 37th Street, Sarasota, Fl 34243 3 2 $140,100
8 7538 38th Street, Sarasota, Fl 34243 3 2 $216,000
9 4125 75th, Sarasota, Fl 34243 3 1 $195,000
10 3820 78th Avenue, Sarasota, Fl 34243 3 2 $210,000
Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.
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Quick Glance
Population 26,453
Population Growth 19%
Population Density 1516
Median Age 49.4
Median Income $56,830
Households 12,673
Weather
Jan Low 48.36
Jan High 71.12
July Low 71.42
July High 90.55
Annual Precipitation (in.) 52.05
Weather Risk Index* 367
*Index score (100 = National Average) that represents the total risk
Sarasota Demographics
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Sarasota Housing Statistics
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Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.

Data Provided by My Florida Regional MLS

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