1,800 SqFt
1,800 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $44
Subdivision Sarabay Acres
MLS Listing ID A4616757
HOA Y/N No
Originating Board Stellar MLS
Year Built 1974
Annual Tax Amount $10,420
Lot Size 0.500 Acres
Acres 0.5
Property Description
Included with the Sale:
Entire inventory valued over $110,000, including consignment items - Rental chairs, umbrellas, beach wheelchair, rental sifters, and rental surfboard.
All fixtures, displays, and contact information of suppliers and local consignment artists.
Square tablet
Website: www.floridabeachandsurf.com
Mural on the side wall to draw attention
Training and procedures overview if desired
Two year renewable double net lease signed in September of 2023
Twenty 5 star reviews on google
Currently, there is one part-time employee at $15 per hour who can stay or go.
Monthly Expenses:
Rent: WAS $2,750 NOW NEGOTIABLE
Electricity: $201
Insurance: $60
Employee: (15 hours per week) Cost: 60 hours/month × $15/hour = $900
Total Monthly Expenses: $3,911
Annual Expenses: $46,932
This Year’s Profit with Employee Working 15 Hours Per Week
Annual Operating Expenses (with Employee): $46,932
Net Operating Income (NOI): $102,490 (Gross operating income) - $46,932 (expenses) = $55,558
Capitalization Rate
$55,558 (NOI) ÷ $80,000 (Property Value) × 100 = 69.44%.
Last year’s profit with NO EMPLOYEES:
Last year’s Gross Operating Income (GOI): $102,490 (total sales/revenue)
Net Operating Income (NOI): $66,358.46 (after deducting annual operating expenses of $36,132)
Sales from (Purchase date til the end of the year) 10/1/2023 - 12/31/2023 = $15,344.31
Sales from 1/1/2024 - 8/13/2024 = $43,964.70
Location
State FL
County Sarasota
Community Sarabay Acres
Zoning CG
Interior
Cooling Central Air
Exterior
Garage Parking Spaces - 6 to 12, Lighted
Utilities Available Electricity Available, Public, Water Connected
Waterfront false
Parking Type Parking Spaces - 6 to 12, Lighted
Building
Story 1
Water Public
Structure Type Concrete
New Construction false
Others
Ownership Corporation
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
MORTGAGE CALCULATOR
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