100 S Washington Blvd.

Office for Sale
Catylist Listing ID: 30818445
Property Subtypes: Office Building
Building Size (RSF): 11,035 SF
Gross Land Area: 32,405 SF
Sale Price: $6,000,000
Unit Price: $543.72 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Class of Space: Class A
Usable Size (USF): 11,035 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/5/2023

Overview / Comments

This well located site is located in the core of Downtown Sarasota. With the Main Plaza Development under construction just one block north on Main St. which is going to hold over 400 apartments, along with commercial space including a new grocer and a food hall, this stretch of downtown Sarasota is set to be revitalized in the coming months and years. Additionally, the land in the Park East district to the east of US 301 has also been assembled and is soon to be developed into further residential projects.
The site is 32,405 SF or 0.745 acres. Based on the DTC (Downtown Core) zoning allowing 50 units per acre, this site will accommodate a redevelopment of 37 residential units along with liner commercial space. This is one of the few remaining developable parcels available within the Downtown Core in an area that is about to take off with more growth and development. Currently on site is an 11,035 SF two-story office building. The building will be vacated by Q1 of 2023.

Well traveled location within the downtown core of the city of Sarasota
Located at the intersection of Ringling Blvd. and US 301 (South Washington Blvd)
0.75 acres allowing for 37 residential units. Neighboring density potentially available
Redevelopment height of 10 stories
Around the corner from ongoing Main Plaza development
11,035 SF office building currently on site

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2027080002
Zoning: DTC
Property Located Between: Golf Street & Ringling Boulevard
Property Visibility: Excellent
Highway Access: US 301, I-75, US 41
Airports: Sarasota - Bradenton International Airport
Area Description: Located at the southwest corner of the intersection of Ringling Blvd. and US 301 (Washington Blvd), this is a high traffic, amazing location just one block south of Main St. With Main Plaza currently under construction at the corner of Main St. and US 301 around the corner from this location, this section of the Downtown Core is sure to become one of the more active sought after areas for mixed use redevelopment. Please note, this site also falls within an Opportunity Zone (OZ). Please refer to the link below for more information. https://www.sarasotafl.gov/government/planning/office-of-economic-development/opportunity-zones
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1950
Year Renovated: 1985
Parking Type: Surface
Total Parking Spaces: 44
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Lot Frontage: 100.0
Lot Depth: 331.0
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,993 84,336 168,952
Median Age: 42.31 45.48 47.96
Households: 5,920 37,592 77,593
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