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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 28,062 sqft
Price per Sqft $147
MLS Listing ID A4708532
Construction Status Completed
HOA Y/N No
Year Built 1963
Annual Tax Amount $43,063
Lot Size 1.470 Acres
Acres 1.47
Property Sub-Type Retail
Source Stellar MLS
Property Description
Total Offering Price: $4,132,000
Business Value: $932,000
Real Estate + Business Offered Together. Rare opportunity to acquire Hap's Cycle Sales, Inc. and the underlying real estate at 2530 17th Street in Sarasota, Florida. This offering combines an established, family-owned powersports dealership with substantial commercial real estate, an established customer base, experienced personnel, and potential for future expansion.
Hap's has been family-owned and operated since 1948, creating an exceptional 78-year operating history and a well-established name in the Sarasota market. ESTABLISHED BUSINESS Hap's Cycle Sales is a true old-school, customer-focused powersports dealership. Customers come not only to purchase products, but also to visit, talk motorcycles and enjoy the dealership experience. The dealership specializes in powersports products including motorcycles, ATVs, UTVs and scooters. Employees are passionate riders themselves, and ownership remains actively involved in the business.
The dealership maintains trained and certified staff representing the brands it sells, while the sales team focuses on helping customers find the right product without high-pressure sales tactics. Customers can communicate directly with their service technicians and see their motorcycles being worked on—an increasingly uncommon level of transparency and customer interaction. Hap's has developed a strong reputation within the Sarasota community, reflected by an approximately 4.7 out of 5-star Google rating based on nearly 350 reviews.
The combination of longevity, customer relationships, experienced employees and owner involvement provides an incoming owner with an established platform rather than starting a new dealership from the ground up.
The property provides a substantial commercial operating facility consisting of approximately 28,062 SF under roof, 24,600 SF approximately air-conditioned. Rear building with partial-height masonry walls and insulated metal siding above. Additional potential for future building expansion. The existing improvements provide a large footprint for dealership operations, sales, service, inventory and related uses, while the additional building potential creates an opportunity for future growth. The offering provides the opportunity to acquire three important components in one transaction: 1. Established Business A family-owned Sarasota business operating continuously since 1948. 2. Significant Commercial Real Estate Approximately 28,062 SF under roof with approximately 24,600 SF of air-conditioned space. 3. Future Growth Potential. Additional opportunity to expand the physical improvements and potentially grow the business operation. Total Purchase Price: $4,132,000. The purchase price includes the real estate and Hap's Cycle Sales, Inc. business. The business component is valued at $932,000. CONFIDENTIALITY Detailed financial, operational and other proprietary business information will be provided only after receipt and acceptance of an acceptable contract and execution of a Non-Disclosure Agreement (NDA). Hap's Cycle Sales represents a rare opportunity to acquire an established Sarasota powersports business, its operating real estate, decades of customer goodwill and a platform for future growth—all in one acquisition.
Location
State FL
County Sarasota
Area 34234 - Sarasota
Zoning IGD
Interior
Heating Central
Cooling Office Only, Central Air
Flooring Concrete, Tile
Exterior
Parking Features Over 30 Spaces
Utilities Available Private
View Y/N No
Water Access No
Roof Type Built-Up
Exposure North
Building
Lot Description Central Business District, City Limits, Near Public Transit, Sidewalk, Street Lights, Paved
Foundation Concrete Perimeter, Slab
Lot Size Range 1 to less than 2
Sewer Septic Tank
Water Well
Structure Type Block,Concrete,Metal Siding,Stucco
New Construction false
Construction Status Completed
Others
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4708532
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Milton Knight
Principal Real Estate Broker License ID: 0663675
Principal Real Estate Broker License ID: 0663675