Office Building/Redevelopment Opportunity

Office for Sale
Catylist Listing ID: 30828006
Property Subtypes: Medical, Office Building, Other
Building Size (RSF): 11,825 SF
Gross Land Area: 0.56 Acres
Sale Price: $6,459,000
Unit Price: $546.22 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 11,825 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2023

Overview / Comments

Don’t miss out on an excellent opportunity for an Investor, Developer, or Owner User. The property is zoned DTE and allows for 25 units per acre residential or 50 units per acre for a hotel.
The Property currently has income and short-term renewing leases.
Located on one of Sarasota’s most iconic downtown streets, Palm Ave., and across the street from Marie Selby Botanical Gardens.

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2036030011
Zoning: DTE
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1968

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,950 79,889 161,810
Median Age: 48.31 45.49 48.66
Households: 5,880 35,931 75,424
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