665 S Orange Avenue

Office for Sale
Catylist Listing ID: 30214682
Property Subtypes: Office Building
Building Size (RSF): 4,615 SF
Gross Building Area: See Agent
Gross Land Area: 12,665 SF
Sale Price: $1,395,000
Unit Price: $302.28 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: 5.7%
Last Updated: 9/21/2018

Overview / Comments

The subject is a well maintained single story office/retail center that presents as two distinct buildings. The street level walkup entrances offer easy accessibly for tenants and customers. Six tenants make up the 100% leased center with units as small as 350 square feet. The small units address an often ignored ever increasing space demand for the small business or sole practitioner who wants to be in the action of downtown but struggles to locate small space opportunities. The 17 on-site parking spaces assures ample parking for typical office and retail users.

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Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 2027-15-0055
Zoning: DTE
Area Description: The subject property is extremely well located in the City of Sarasota on the south side of Burns Court at the corner of Alderman Street and Orange Avenue and located within one of the City’s treasured “downtown zone districts”. The neighborhood has experienced tremendous residential development from luxury condos on Palm Avenue just a short block west to the high-end adjacent Orange Club and new single family residents just east. Commercial opportunities for both retail and office is becoming more and more in demand in this boutique area as more residents move into the neighborhood.
Total Number of Buildings: 2
Number of Stories: 1
Total Parking Spaces: 17

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Contact

Photograph of Listing Agent

John B Harshman

HARSHMAN & COMPANY INC
MFCRE Member
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