3-Story Office Building

Office for Sale
Catylist Listing ID: 30634779
Property Subtypes: Office Building
Building Size (RSF): 7,792 SF
Gross Building Area: 11,725 SF
Gross Land Area: 0.38 Acres
Sale Price: $2,350,000
Unit Price: $301.59 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 5,953 SF
Sale Terms: Cash to Seller
Last Updated: 10/8/2020

Overview / Comments

This 7,792 SF (under air) Office Building (11,725 Gross SF) consists of 10 office condos and sits on 0.38 acres of land in the Downtown Core. The building is 3 stories with the upper two levels being office and the ground floor consisting of parking along with stairwell and elevator access. Total of 34 parking spaces, 14 covered and 20 open spaces around the corner from the Courthouse. The owners of all of the condo units have agreed to sell the building in its entirety. The property is zoned DTC meaning it can be developed up to 10 stories in height if the new owner wanted to further improve the property. It is also located within a qualified opportunity zone which could offer potential tax incentives if the Buyer were to improve the property. The building is well located with the courthouse, Payne Park, and all of the amenities that Main St. and the Downtown Core have to offer within walking distance. For more information regarding Opportunity Zones, please find the link to The City of Sarasota's website on them here:
https://www.sarasotafl.gov/government/city-manager/office-of-economic-development/opportunity-zones

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0000007824
Zoning: DTC - DOWNTOWN CORE
Property Located Between: Located along Ringling Blvd at the north side of the intersection at School Avenue
Highway Access: US-301; US-41
Airports: SRQ
Area Description: Located along Ringling Blvd at the north side of the intersection at School Ave, directly across from both Payne Park Village Townhouse Complex and the new Lyra Sarasota Mixed Use Project consisting of 222 residential apartments and close to 40,000 SF of commercial space, this property has great visibility and proximity to the Downtown Core. With the courthouse, Payne Park, and an abundance of retail and restaurants all right around the corner, this building is in a great location for any professional office use. The property is easily accessible via US-301 and has an AADT of 7,900.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1984

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,750 85,603 168,325
Median Age: 42.16 45.44 47.86
Households: 6,777 38,181 77,217
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