Seven Cedars LLC 4195 N Tamiami Trl

4195 N Tamiami Trl , Sarasota, Florida, 34234 | 3,000 sq.f | $ 1,100,000

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About This Restaurant

Investment Highlights

Lot at corner of busy Tamiami Trail (U.S.41) and 42nd Street. The building is currently occupied by Kasa Sushi and Japanese Restaurant. Site is also excellent investment opportunity as City of Sarasota is in the process of approving apartment project on Tamiami Trail north of 42nd St.

Executive Summary

Property is currently site of Kasa Sushi Japanese Restaurant, and has been in operation here since 2016.However sale is for building and land only.Tenant lease bought out for $80,000Floor is Quarry Tile throughout. Permit allows for 56 seats. Two restrooms. 20 foot stainless steel hood. Electric and gas for cooking equipment. Two walk-in coolers. If buyer is interested in purchasing the building as a restaurant the owner of the restaurant will sell his equipment and furnishings for $20,000.00Site is also excellent investment opportunity. City of Sarasota has already partly approved development of 4 story apartment complex which will extend from 42nd Street to 47th Street on Tamiami Trail (U.S. 41). Ultimately up to 225 apartments are planned.

Property Details

  • Sale Type    Investment or Owner User
  • Sale Conditions    Redevelopment Project Redevelopment Project Building in Shell Condition Redevelopment Project
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Storefront Retail/Residential Fast Food
  • Building Size    3,000
  • Year Built/Renovated    1987/2016
  • Price    1,100,000
  • Price Per SF    367
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.10
  • Land Acres    0.68 AC

Amenities

  • Bus Line
  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru

Property Taxes

Parcel Number 2004-10-0037 Improvements Assessment $561,200 (2023)
Land Assessment $761,800 (2023) Total Assessment $(1) (0.00/SF)
Date Created: 2024-07-16 04:13:33 Last Updated: 2024-07-16 04:13:33
Address: 4195 N Tamiami Trl , Sarasota, Florida, 34234