Longboat Key shopping center for sale for nearly $8M

A shopping center sitting on nearly 5 acres of prime Longboat Key real estate has hit the market.

The property is the site of the Centre Shops of Longboat Key at 5730 Gulf of Mexico Drive. The asking price for the five-building, 37,880-square-foot shopping center is $7.59 million.

According to the listing, the center was first built in 1986 and then renovated in 2015. It is currently 95% occupied with 60% of the tenants in place for more than seven years.