Bay Isles - Professional Offices | 540-550 Bay Isles Rd
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Bay Isles - Professional Offices 540-550 Bay Isles Rd
8,369 SF 100% Leased Office Building Longboat Key, FL 34228 $3,099,000 ($370/SF)
Executive Summary
Ian Black Real Estate is pleased to offer for sale a multi-tenant office building located in the heart of Longboat Key. It is situated across the street from Town Hall, LBK Library, LBK Public Tennis Center, Publix Super Market, various banks, as well as a Public Beach Access point. Current tenants include The Longboat Key Center for Healthy Living, Fitness Quest, Youthful Aging Home Health, and The Jewish Federation of Sarasota-Manatee. Tenants have benefited from the exposure to an abundance of wealth in the surrounding area. The building is currently configured for multi-tenant use but can be easily demised or opened up for a single user. Other nearby amenities include Dry Dock Waterfront Grill, Chart House Restaurant, and The Resort at Longboat Key Club. Building is currently 100% occupied and all tenant leases are set to expire on 6/30/2025.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,369 SF
Building Class
B
Year Built
1989
Price
$3,099,000
Price Per SF
$370
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,369 SF
Building FAR
0.18
Land Acres
1.07 AC
Zoning
PD - Planned Development
Parking
20 Spaces (2.39 Spaces per 1,000 SF Leased)
Amenities
- Reception
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 0006-13-0008 | Improvements Assessment | $1,402,100 |
| Land Assessment | $863,500 | Total Assessment | $2,265,600 |
PROPERTY TAXES
Parcel Number
0006-13-0008
Land Assessment
$863,500
Improvements Assessment
$1,402,100
Total Assessment
$2,265,600
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Ian Black Real Estate
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Bay Isles - Professional Offices | 540-550 Bay Isles Rd
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