Listing Courtesy of A YOUNG REALTY GROUP INC
  • 0 / 0
  • 28
  • 22842
  • 2002
  • 196
  • 1.09
Active Status Com
Check Drive Time
See how long it takes to get to work. Change


A rare opportunity to acquire Rosemary Central located @ 650 Central Ave in the booming Rosemary District of vibrant downtown Sarasota, FL. The Property is a fully stabilized mixed-use commercial property consisting of 5 commercial retail storefronts, 5 modern condominium style apartments, 7 townhomes and a villa. Located on over one acre of land and encompassing nearly a full city block, Rosemary Central has a long history of full occupancy, rapidly increasing income and an enormous opportunity to further enhance the value by the ability to further develop the property with a far greater density of residential units. This well maintained property offers a diversified rent roll with a strong base of commercial and residential tenants. Five spacious store-front retail/office suites located directly on busy Central Ave representing durable cash flow and stability for a new owner. The richly updated Residential units are comprised of 2nd story modern flats above the commercial suites, a standalone building with townhomes and a garden style villa. The Rosemary District has seen huge growth over the past 5 years, bringing in a vibrant food and art scene with plenty of selections for everyone’s preferences. This is a very well maintained property with extremely stable income and an enormous amount of future development potential that would further enhance this amazing opportunity.

Address: 650 CENTRAL AVE
State: FL
City: Sarasota
County: Sarasota
Zip Code: 34236
Neighborhood: Pos Sub
MLS#: A4446576
MLS Area: 34236 Sarasota
Taxes: LOT 14, BLK Y, SUBJ TO 2400 C-SF SIDEWALK ESMT TO CITY OF SARASOTA AS DESC IN ORI 2002194575, CENTRAL GDN APTS, ORIG PLAT OF SARASOTA $44,034

Price History

Date Price Event Change MLS#:
9/25/2019 $4,485,000 List Price A4446576

Nearby Schools

Westcoast School For Human Development(K-12)
The West Coast School(K-12)
Children First(Preschool-Preschool)
Agape Christian School Of Sarasota(1-12)
Bay Haven School Of Basics Plus(K-5)5
Sarasota School Of Arts/Sciences(6-8)4
Westcoast School For Human Development(K-12)
The West Coast School(K-12)
Agape Christian School Of Sarasota(1-12)
Achievement Center (The)(6-12)
Sarasota Military Academy(9-12)3
Westcoast School For Human Development(K-12)
The West Coast School(K-12)
Agape Christian School Of Sarasota(1-12)
Achievement Center (The)(6-12)
Booker High School(9-12)4

Interior Details

  • Appliances:
  • Amenities:Sidewalk
  • Features:
  • Furnished:
  • Floor Type:Carpet, Ceramic Tile, Other
  • Cooling:Central Air
  • Heating:Central
  • Other Rooms:

Exterior Details

  • Home Construction
  • Features:
  • Exposure:
  • Roof Type:Metal
  • Garage Spaces:
  • Pool:No
  • Utilities:Public
  • Lot Description:Central Business District,Corner Lot,In City Limits,Near Public Transit,Oversized Lot,Retention Areas,Sidewalk,Street Lights,Street Paved
  • Parking:Curb Parking,Over 30 Spaces
  • Security:Smoke Detector(s)
  • Foundation:Slab
  • Road:Business District,City Street

Community Details

  • HOA: $0/mo
    Fees Include:
  • Misc:Common Lighting,Dumpsters

Rental Information

  • Rental Income:$0
  • Rental Number:0
  • Directions:From the intersection of US41 and Fruitville Rd travel east on Fruitville, go north on Central, property will be on your right at 650 Central Ave.

Similar Properties

Recent News

When it Comes to Buying a Home, Timing Matters

Today, people seeking home loans backed by Fannie Mae and Freddie Mac can benefit from a temporary “patch” that allows them to borrow above a 43% DTI (debt-to-income ratio) and still be under the definition of a Qualified ...Continue Reading

Creative Real Estate Financing Strategies

Looking for creative real estate financing strategies to fund your next investment property or to purchase your dream home when you lack capital or even have a low credit score.  You may want to learn more about these uncommon or unique ways ind...Continue Reading
Property Information Last Updated: 8/3/2017 9:38:51 AM
ListingCourtesyofA YOUNG REALTY GROUP INC


Listing information courtesy of My Florida Regional MLS DBA Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright© 2019 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.8/3/2017 9:38:51 AM2019

>