Andrea Summers - Coldwell Banker Tony Hubbard
1001 Cocoanut Avenue
SARASOTA, FL 34236

Description

THE STARLITE. A well-known, established restaurant in the heart of downtown Sarasota in a prime location. The building and land are offered as a separate purchase option or in combination of both. Foreign investors are welcome. Business including real estate qualify for the Green Card. The Starlite is located in near proximity to the Van Wezel Performing Arts Hall. The Starlite Room is the home to many local artists and boasts with jazz, theater and show performances. The first floor serves as the main restaurant with the stage. There are 60 seats available and can be extended. The bar is located partially out of sight form the restaurant. The fully equipped commercial kitchen is located on the first floor. There are 36 private parking spaces. The second floor is being utilized for private parties and events. Large glass doors lead to the outside terrace with plenty of comfortable seating. The third floor can be reached by the elevator with owners key only. It is home to the office, storage rooms AND the Penthouse Studio. The studio can be expanded to a one or two-bedroom apartment. Glass doors lead form the studio to a vast terrace with breathtaking views of the Sarasota Bay and the downtown. The Penthouse is in the monthly lease included. A five-year lease is in place with option for extension. The current monthly rent is $7,333. The owner of the business will train and provide consulting. Inventory, FF&E and the all liquor license 8COP, are included.

Details

MLS#A4408470
StyleIndustrial
Sub-TypeResale
StatusActive
Year2008
Days On Site122

Features

SQ Feet11,718
Story(s)1
ZoningCRD

Market Activity 34236

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Area Information

StateFL
CountySarasota
CitySARASOTA
Zip Code34236
Area34236 - Sarasota
Listing VS Median (in 34236)
Price:
$400,000
low | high
Med:
$545,000
13.75% of Average
SqFt:
11,718
low | high
Med:
1,973
100% of Average
$ / SqFt:
$34
low | high
Med:
$276
100% of Average
On Site:
122
low | high
Med:
144
84.722222222222% of Average
Listing Updated: 11/14/2018
MLS Number: A4408470
Listing Provided By:
Martin Sochor  of  FINE PROPERTIES

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