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1428 S Tamiami Trl 5,986 SF 45% Leased Office Building Sarasota, FL 34239 $6,776,201 CAD ($1,132.01 CAD/SF) 5% Cap Rate

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EXECUTIVE SUMMARY

Prime Medical Investment Opportunity: 1428 S Tamiami Trail
This is a rare opportunity to acquire a fully renovated medical office building located directly adjacent to Sarasota Memorial Hospital (SMH). Situated on the high-traffic Tamiami Trail (US 41), this property offers unparalleled visibility and strategic positioning within Sarasota’s premier medical submarket.
The building features two distinct units, offering a perfect blend of immediate owner-user potential and stabilized long-term rental income.
Building Highlights
Turnkey Medical Suite (Available): A beautifully finished 3,290 SF medical office.
Completely remodeled in 2025 specifically for medical use.
Ready for immediate occupancy with a layout including 8 exam rooms, a reception area, staff workspaces, and a breakroom .
Ideal for physicians, specialists, or diagnostic care providers.
Stabilized Income (Dental Suite): The second unit is secured by a long-term lease to an established dental practice.
The tenant is currently completing their own high-end buildout, ensuring a modern, long-term commitment to the location.
Parking & Accessibility: The property features ample on-site parking for patients and staff.
Zoning: CG (Commercial, General)

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,986 SF
Building Class
A
Year Built/Renovated
1963/2025
Price
$6,776,201 CAD
Price Per SF
$1,132.01 CAD
Cap Rate
5%
NOI
$338,810 CAD
Percent Leased
45%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,986 SF
Building FAR
0.27
Lot Size
0.50 AC
Zoning
CG - Commercial General
Parking
25 Spaces (4.18 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage
  • Reception

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste Suite 2
  • 3,290 SF
  • Office/Medical
  • Full Build-Out
  • Now

PROPERTY OVERVIEW Brand new medical office suite ready to go. This beautiful building located adjacent to Sarasota Memorial Hospital-SMH has undergone a complete renovation with medical uses in mind. It is ideal for physicians, specialists, outpatient services or diagnostic care. This unit is currently framed out for medical use. See attached floorplan. PROPERTY HIGHLIGHTS Turnkey Medical layout with exam rooms, reception area, and staff workspace. High-traffic visibility on Tamiami Trail (US 41). Ample on-site parking. Size: 3,290 SF.

Space Size Space Use Condition Available
1st Fl-Ste Suite 2 3,290 SF Office/Medical Full Build-Out Now

1st Fl-Ste Suite 2

Size
3,290 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

1st Fl-Ste Suite 2

Size 3,290 SF
Space Use Office/Medical
Condition Full Build-Out
Available Now

PROPERTY OVERVIEW Brand new medical office suite ready to go. This beautiful building located adjacent to Sarasota Memorial Hospital-SMH has undergone a complete renovation with medical uses in mind. It is ideal for physicians, specialists, outpatient services or diagnostic care. This unit is currently framed out for medical use. See attached floorplan. PROPERTY HIGHLIGHTS Turnkey Medical layout with exam rooms, reception area, and staff workspace. High-traffic visibility on Tamiami Trail (US 41). Ample on-site parking. Size: 3,290 SF.

Walk Score®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2037-08-0035
Land Assessment
$1,393,049 CAD
Improvements Assessment
$954,669 CAD
Total Assessment
$2,347,718 CAD
  • Listing ID: 39049625

  • Date on Market: 2026-01-12

  • Last Updated:

  • Address: 1428 S Tamiami Trl, Sarasota, FL 34239

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