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505 S Orange Ave
Sarasota, FL 34236 Downtown Sarasota

$1,250,000 USD

Apartments Condo For Sale  •  3,863 SF

Property Details

  • Property Type Apartments
  • Total Building Size 105,000 SF
  • Lot Size 0.69 AC
  • Building Class B
  • Year Built 2007
  • Cap Rate 7.32 %
  • Tenancy Single
  • Zoning DTC (Downtown Core)
46 Transit Score
96 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit C1 & C2 Office 3,863 SF $1,250,000 USD
  • Unit Size: 3,863 SF
  • Condo Use: Office
  • Price: $1,250,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $323.58 USD
Description
Two story 3,863 SF office condo is ideally suited for any type of office use. Zoned DTC (Downtown Core), it offers a strategic location in the heart of Sarasota, ensuring high visibility and accessibility.

Sale Notes
The suite can be purchased as an investment or be delivered VACANT at closing.  Presently there is a NNN lease in place until June 30th, 2027 offering a 6% cap rate.  

Introducing an exceptional investment opportunity in Sarasota, FL!  This two story 3,863 SF office condo is ideally suited for any type of office use. Zoned DTC (Downtown Core), it offers a strategic location in the heart of Sarasota, ensuring high visibility and accessibility.  The suite also features 13 covered, secured parking spaces.

With its modern design, prime positioning, and strong market demand, this property is a compelling choice for investors seeking to capitalize on the thriving Sarasota market.  Don't miss out on this chance to enhance your investment portfolio with a property that combines contemporary appeal with a highly sought-after location.

Description

Perfectly located between Laurel St. and Oak St. on the east side of S. Orange Ave.

Highlights

13 Secured, Covered Parking Spaces!
Incredible Downtown Location!
Well Maintained!

Property Flyers

Financial Summary

Cap Rate: 7.32 %
Total Expenses: $0 USD

Public Transportation

AirportDriveWalkDistance
Sarasota/Bradenton International 11 min - 5.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 23
Type: Surface
Included in Rent: Yes
Eric Massey 941-809-6351 Michael Saunders & Company
Eric Massey 941-809-6351 Michael Saunders & Company