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505 S Orange Ave - HARD TO FIND DOWNTOWN OFFICE CONDO!

3,863 SF Office Condo Unit Offered at $1,525,000 in Sarasota, FL 34236

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Investment Highlights

13 Secured, Covered Parking Spaces!
Well Maintained!

Incredible Downtown Location!

Executive Summary

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

Property Facts

Price	$1,525,000	Building Class	B
Unit Size	3,863 SF	Floors	15
No. Units	1	Typical Floor Size	7,000 SF
Total Building Size	105,000 SF	Year Built	2007
Property Type	Office (Condo)	Lot Size	1.01 AC
Property Subtype	Medical OfficeLoft Creative Space	Parking Ratio	0.12/1,000 SF
Sale Type	Investment or Owner User	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,525,000
Unit Size	3,863 SF
No. Units	1
Total Building Size	105,000 SF
Property Type	Office (Condo)
Property Subtype	Medical OfficeLoft Creative Space
Sale Type	Investment or Owner User
Building Class	B
Floors	15
Typical Floor Size	7,000 SF
Year Built	2007
Lot Size	1.01 AC
Parking Ratio	0.12/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Unit Available

Unit C1 & C2

Unit Size	3,863 SF	Cap Rate	6.00%
Price	$1,525,000	NOI	$91,500
Price Per SF	$394.77	No. Parking Spaces	13
Condo Use	Office	APN/Parcel ID	2027-10-4001, 2027-10-4002
Sale Type	Investment or Owner User

Unit Size	3,863 SF
Price	$1,525,000
Price Per SF	$394.77
Condo Use	Office
Sale Type	Investment or Owner User
Cap Rate	6.00%
NOI	$91,500
No. Parking Spaces	13
APN/Parcel ID	2027-10-4001, 2027-10-4002

Sale Notes

The suite can be purchased as an investment or be delivered VACANT.  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.