Main Street Downtown Sarasota

Office for Sale
Catylist Listing ID: 30044302
Property Subtypes: Office Building
Building Size (RSF): 8,944 SF
Gross Building Area: 11,084 SF
Gross Land Area: 12,650 SF
Sale Price: $2,400,000
Unit Price: $268.34 PSF
Property Use Type: Investment
Building Name: Main Street Downtown Sarasota
Class of Space: Class B
Usable Size (USF): 8,944 SF
Core Factor: 1.23%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/27/2017

Overview / Comments

Rarely available Main Street property located in the central business district of Downtown Sarasota. Address Includes 1830, 1834 & 1844 Main Street. Well constructed building's occupied by an array of professional office users. Solid occupancy history that would remain or the building can be vacated with reasonable notice. Redevelopment opportunity to construct up to 14 residential units with first floor retail directly on Main Street . This offering includes an additional vacant lot totaling 5,060 SF that is currently be used for parking with 20 spaces. A second 8,170 SF lot located at 101 S Osprey Ave (behind the subject) is also available for $1M. This lot can be packaged with the subject property and would increase the residential density by up to another 9 units.

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 2027-01-0060, 2027-01-0059, 2027-01-0058
Zoning: DTC - DOWNTOWN CORE
Property Located Between: Sarasota Bay Front and Downtown Business District
Property Visibility: Excellent
Highway Access: I-75 approximately 6 miles to the east
Airports: Sarasota Bradenton International Airport
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1949
Year Renovated: 1975
Roof Type: Flat
Construction/Siding: Concrete, Stucco
Parking Type: Surface, Other
Parking Description: Large Parking lot with up to 20 spaces. An additional 4 covered parking spaces in the rear
Total Parking Spaces: 24
Heat Type: Electricity
Zoning Description: DTC- Downtown Core allows for residential, office and retail use with a 10 floor height restriction.
Lot Frontage: 127
Lot Depth: 97
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: Contact Listing Agent

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,376 81,867 168,325
Median Age: 45.68 45.46 47.86
Households: 8,147 36,523 77,217

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