1390 Commerce Blvd - Warehouse FOR SALE


Sarasota, FL 34243
$3,900,000 USD
941-323-0060
1390 Commerce Blvd, Sarasota, FL for Sale
$3,900,000 USD
Warehouse - FOR SALE
1/12
null | Request Cap Rate

Mar '25


1390 Commerce Blvd
Sarasota, FL 34243


HIGHLIGHTS

  • Two identical 12,028 SF concrete block buildings
  • Close proximity to SRQ airport
  • Long-term tenancy
  • Value-add opportunity

OVERVIEW

Built in 1978, with an effective date of 2000, this two building property has been under the ownership of one family's attentive care for decades. Each building is 12,028 SF under roof, with 8 bays all with their own grade-level doors (10 feet), a 12 foot ceiling height, air conditioning in all but one of the bays, and long-term tenancy in place. All tenants are currently month-to-month and paying below market rents. Value-add opportunity by renegotiating leases or replacing tenancy. Rent roll and P&Ls can be provided upon a signed Confidentiality Agreement but we will rely on each Buyer to estimate their own preferred proforma rent. Positioned at 1390-1400 Commerce Blvd in Sarasota, FL, this prime industrial location offers convenient access to major transportation routes like I-75, US 301, Port Manatee, and the Sarasota-Bradenton International Airport. The surrounding area is home to essential industrial services, including suppliers, logistics companies, and manufacturing support facilities. With a focus on industrial needs, the location provides access to a skilled labor force and a network of industrial parks, making it an ideal hub for industrial and manufacturing businesses. The property is located just northeast of the SRQ Airport, head north on 15th St E (Old 301) then turn west on Commerce Blvd (74th Ave Dr E).

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$317 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1390-1400 Commerce Blvd

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

8

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.88

LAND SF

82,110

ZONING

LM

APN/PARCEL ID

66529-0000-9

ASK ABOUT THIS PROPERTY

Lee DeLieto Jr.Michael Saunders & CompanyMore Info
941-323-0060

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Lee DeLieto Jr.Michael Saunders & CompanyMore Info
941-323-0060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.