Laurel Park Building Sold for $530,000

525 Rawls Inc. purchases multifamily building from Siesta Key Management.

By staff November 28, 2016

525 rawls ave.  sarasota fj24cj

525 Rawls Ave., Sarasota

525 Rawls Inc. recently purchased the multifamily building located at 525 Rawls Ave., Sarasota, from Siesta Key Management for $530,000. The 1,316-square-foot historical five-plex, originally built in 1920, includes four studios and one unit with one bedroom and one bathroom. The owner plans to continue using the property as an extended stay motel. Eric Massey and Ben Graham of Michael Saunders & Company handled the transaction.

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