Office For Sale

Office for Sale
Catylist Listing ID: 30628695
Property Subtypes: Business Park
Condo? Yes
Building Size (RSF): 1,037 SF
Sale Price: $169,900
Ceiling: 8 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Building F
Class of Space: Class B
Usable Size (USF): 1,037 SF
Core Factor: 0.96%
Sale Terms: Other
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/14/2020

Overview / Comments

Own your space. Build your equity and brand. Ground floor office. Open floor plan 1037 sqft for your workstations and meeting areas. This office suite has many windows and sliding doors providing lots of natural light into the large open front room, small reception area and 3 private offices. The office suite also offers 2 private bathrooms. The quarterly condo fee includes: building exterior maintenance and insurance, landscaping maintenance, irrigation management, pest control, elevators, fire protection and monitoring, Off site manager- Argus Management, trash removal, common area electric, and water/sewer to each unit. Unit owners are responsible for electricity, internet, phone/fax, inside insurance to their respective unit. Fruitville road frontage. This suite offers location, accessibility, convenience. Opportunity knocks. Call for your private showing virtually or in person. In person showings all persons required to wear masks.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $1,799 (Annual)
Tax Value Improvements $1,799
Potential Rental Income $18,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: City of Sarasota
Tax ID/APN: 0000007624
Is Condo?: Yes
Zoning: COMMUNITY NEIGHBORHOOD
Property Located Between: Tuttle and Robarts Arena / Ringling Blvd and Fruitville Road
Property Visibility: Excellent
Highway Access: State Road 780 Fruitville Road
Airports: Sarasota Bradenton International Airport or Tampa International
Site Description: Ringling Professional Center is a campus consisting of six buildings labelled A, B, C, D, E and F. There are a total of 45 units. Some single units with adjacent interior walls have been combined into one large space. These owners pay two quarterly fees. There are two entrances into the complex; one off Ringling Blvd and one off Fruitville Rd. There are dumpsters located on the southeast and southwest corners of the campus. FED-EX and UPS drop boxes are located onsite. A USPS mail box is located across the street. Mail delivery, UPS, FEDEX, AMAZON and DHL are available.
Area Description: The Ringling Professional Center is a planned office community consisting of six buildings containing 45 separate units. It is bordered on the south by Ringling Blvd which runs from Robarts Arena (Sarasota Fairgrounds to Marina Jack's (US 41). It's northern border is Fruitville Road (aka State road 780). Access to downtown Sarasota points north and south are easily realized. The National Guard and Sarasota Fairgrounds are also located in the same Ringling Blvd Vicinity. Recently the area was dubbed Opportunity zone #12115000406. According to FEMA flood map 11/04/2016 the entire community is within Flood Zone X CID 125150 Panel # 12115C0134F. The complex has been a familiar landmark for decades and quickly recognizable by its architectural details and presence.
Number of Stories: 1
Typical SF / Floor: 1,037 SF
Year Built: 1981
Year Renovated: 2018
Roof Type: Gable
Construction/Siding: Stucco
Exterior Description: Painted Stucco cement based exterior walls with Galvanized metal hip and some gabled roof. Each unit has two sets of Sliding doors opening to a patio or balcony. Screening this open space is not permitted per condo documents.
Parking Ratio: 3 (per 1000 SF)
Parking Type: Surface
Parking Description: Open Parking.
Total Parking Spaces: 3
Passenger Elevators: 1
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Interior Description: Large open area with two private bathrooms, plus three private offices. Lots of natural light from windows and sliding doors throughout the unit.
Zoning Description: commerical neighborhood
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements Description: condominium
Land Ownership: condominium
Legal Description: Unit F121 Ringling Professional Center Phase 3 PID 231 04 1034

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,576 97,411 179,883
Median Age: 41.33 45.61 47.38
Households: 6,397 43,421 81,354

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