Belle Haven

Special Purpose for Sale
Also listed as Office, Retail-Commercial
Catylist Listing ID: 30713623
Building Size (RSF): 18,171 SF
Gross Building Area: 20,605 SF
Sale Price: $12,500,000
Property Use Type: Vacant/Owner-User
Usable Size (USF): 18,171 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/30/2021

Overview / Comments

This is The historic and iconic free-standing building in the City of Sarasota known as the Belle Haven.
Since its completion in 1926, it has been a hotel, an office, and an apartment building. Many Sarasotans still residing in the area have called this beautiful building their home or place of work.
The building has been meticulously rehabilitated to its current condition to pass along to the next fortunate owner.
Due to its Downtown Bayfront zoning (DTB), the building affords the buyer the ability to use it as another hotel, professional office, multifamily residential, restaurant, retail, mixed use, or even a private residence.
Please call, text or email us for more information or a personal tour.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2009160010
Zoning: DTB - DOWNTOWN BAYFRONT
Property Located Between: Located in the center of the Quay Development Site flanked by the Ritz Residences and the Hyatt Hotel. Access is via the Fruitville Rd roundabout from the south or Blvd of the Arts from the north.
Property Visibility: Excellent
Largest Nearby Street: Fruitville Road
Highway Access: I-75
Airports: SRQ
Site Description: The Belle Haven sits in the center of the Quay Development Site. Its is a 15 acre block plan that currently includes the new Ritz Residences condominium tower. Other projects in various development stages include the high-end mixed-use Lennar apartment building to face US 41 to the south of the Fruitville Rd roundabout. And the pre-construction sales of the Bayso condominium tower by Kolter to be located to the south of the roundabout.
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Fair
Year Built: 1926
Year Renovated: 2020
Exterior Description: Due to years of neglect, the Belle Haven needed to be rehabilitated to its current beautiful condition utilizing 2017 Florida building codes. The main entry is a walnut stained solid mahogany with French style framed glass. All of the secondary exterior entryways have received new impact resistant aluminum framed doors. All of the windows have been replaced in their original rough openings with new PGT 150 MPH impact resistant glass within frames specifically designed to best match the original windows. The balcony fire escapes have been restored but are not functional in nature. The stucco has been cleaned and repainted to the last color when the rehab began. The new roof is a single ply membrane over new insulation accented by new terra cotta tiles.
Parking Type: Surface
Interior Description: Due to the building's historical nature, it has been completely rehabilitated for modern conventional use. The southern third of the ground floor has been improved with two ADA restrooms, ducted HVAC, CAT 5 internet wiring, office lighting and floating floor tiles. The remaining spaces remain grey shell and have all mechanical, electrical and plumbing in place or stubbed for future completion. All life safety systems, ie fire alarm and hydraulic fire sprinklers in place. a new ThyssenKrupp Endura A elevator has been installed in a new modified shaft to accommodate an ADA level rear intermediate stop door.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,883 68,761 153,105
Median Age: 51.04 44.48 48.2
Households: 5,831 30,391 70,278
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