$1,250,000

505 S Orange Avenue #1c

SARASOTA FL, 34236

Description

Situated in the center of bustling Downtown Sarasota, this fully leased 6+CAP two story office has a bonus feature of 14 private garage parking spaces. With a 10 year lease in place with 8 years remaining, including escalators, this is a great opportunity to buy now and secure income while watching the city grow around your investment. Located in the heart of the highly sought after Burns Court neighborhood of downtown, this office building has many desirable features including; dual entrances, large kitchenette, 3 ADA compliant bathrooms, multiple conference rooms, 2nd floor access via stairs or elevator, 2 large bull pen areas, large offices, lots of windows, high ceilings and walking distance to several downtown eateries. The beautiful Burns Court neighborhood is peaceful and walkable to everything. With two separate PID#s there is the future potential to occupy one space for yourself and lease the other to offset the carry costs and even generate some income. The private 14 garage parking spaces are a rare find in Sarasota office space. Perfect opportunity for your 1031. *Included in the sale are both PID#s 2027104001 and 2027104002.

Details

MLS#A4442409
StyleRetail
Sub-TypeLease
StatusActive
Year2007
Days On Site109

Features

SQ Feet3,863
Story(s)1
ZoningDTC

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Area Information

StateFL
CountySarasota
CitySARASOTA
Zip Code34236
Area34236 - Sarasota
Listing VS Median (in 34236)
Price:
$1,250,000
low | high
Med:
$676,000
95.92% of Average
SqFt:
3,863
low | high
Med:
1,546
100% of Average
$ / SqFt:
$324
low | high
Med:
$437
14.869961190168% of Average
On Site:
109
low | high
Med:
10
100% of Average
Listing Updated: 11/16/2019
MLS Number: A4442409
Listing Provided By:
Jonathan Abrams  of  MICHAEL SAUNDERS COMPANY

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.