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For more information, please visit https://property.creop.com/13515/

Offering Highlights

• Strong Upside Potential to Increase Rents Over Existing Rents by $300 Per Month Per Unit w/ Implementing an Interior Unit Update Plan
• The Limelight Lofts are a Unique Asset Nestled in a Resurgent Area in the Path of Progress. This Offering Consists of 2 Adjacent Parcels. Each parcel has a 2-story Concrete Block 10-Unit Multifamily Building on it. A third adjacent parcel has a SFH and can be purchased as well, but is not included in this offering. The additional parcel is zoned DTE (Downtown Edge)
• Consisting of Sixteen (16) Studio Units and Four (4) One Bedroom Units, the Limelight Lofts Offer a Nice Array of Housing Options.
• Solid Concrete Block/Masonry Construction Buildings w/ On-site Laundry Facility
• New Shingle Roofs on All Both Multifamily Buildings (August 2019)
• Located Within Close Proximity to Main Street in Downtown Sarasota; A Short Trip to Some of Sarasota’s Best Rated Restaurants & an Abundance of Employment Opportunities This area has a newer designation called the “Limelight District” with a vision of a neighborhood atmosphere. There are repurposed properties that offer shopping, food trucks, recreation, etc.

Location Highl

• The Limelight Lofts Offer Ease of Access to Some of the Best Attractions Sarasota has to Offer. These Highlights include; .5 mile — Downtown Sarasota .7 miles — Payne Park 1.2 miles — Rosemary District 1.6 miles — Sarasota Middle & High School 2.0 miles — City Island Park 2.0 miles — Bayfront 2.2 miles — Sarasota Hospital 4.1 miles — SRQ Int’l Airport 5.0 miles — Siesta Key Island 8.1 miles — UTC Mall & Shops 8.5 miles — Interstate 75