SARASOTA, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the Stepping Stone Building (top left photo), a 2,920 rentable square foot vacant office building located in Sarasota, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset commanded a sales price of $130,000.
Krone Weidler (lower right photo), an associate vice president investments and member of the National Seniors Housing Group in the Tampa, Florida office of Marcus & Millichap, had the exclusive listing to market the property on behalf of a financial institution based out of North Carolina. Ms. Weidler also represented the buyer, a private investor.
The Stepping Stone Building is located at 250 North Tuttle Avenue. This former pre-school facility was built in 1959 with a licensed capacity for 64 children.
The property is zoned OPD (Office Professional District), which permits a wide variety of possible uses. Building layout consists of multiple educational/instructional rooms, kitchen, office, reception area and multiple restrooms. On-site improvements include a large fenced-in playground area, storage shed and asphalt paved parking.
“The investor is planning to upgrade the building and lease it to a child daycare worker, who plans to operate as a daycare for children,” says Ms. Weidler. “The location is excellent for this type of business.”
Press Contact:
Richard D. Matricaria
Regional Manager,
Tampa, FL
(813) 387-4700
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