Spyglass Plaza

3333 N Washington Blvd. Sarasota, FL 34234

Medium_full
Exterior view & signage
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FOR SALE Incentives
Property Type:
Power Center
Amount:
$1,290,000
Last Verified:
Jul 21, 2017

Highlights

  • 7.9% Cap Rate
  • Great Visibility
  • Fully Leased
  • Building In Great Condition

Description

Great investment opportunity that features HIGH VISIBILITY on Washington Blvd.!! This plaza is 100% occupied with fantastic tenants such as Your Flooring Warehouse and Cisco Flooring Supplies, and is comprised of 3 retail/flex space suites. Two of the units are 2,135 +/- SF and one large retail showroom that is 8,535 SF. Building is zoned CI with some use restrictions and offers 47 parking spaces.

Located between 33rd St. & 34th St on Washington Blvd.


Year Built: 1988
Building Size: 12800.0sq ft
Lot Size: 1.05 acres

Map of 3333 N Washington Blvd., Sarasota, FL, 34234

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.