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505 S Orange Ave - HIGHLY VISIBLE DOWNTOWN OFFICE CONDO! 3,863 SF Office Condo Unit Offered at $1,883,520 CAD 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

Total Building Size	105,000 SF	Year Built	2007
Property Type	Multifamily (Condo)	Tenancy	Single
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential	Lot Size	0.69 AC
Building Class	B	Parking Ratio	0.34/1,000 SF
Floors	15	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.
Typical Floor Size	7,000 SF
Zoning	DTC (Downtown Core) - a very dense mixed-use urban area

Total Building Size	105,000 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Building Class	B
Floors	15
Typical Floor Size	7,000 SF
Year Built	2007
Tenancy	Single
Lot Size	0.69 AC
Parking Ratio	0.34/1,000 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.
Zoning	DTC (Downtown Core) - a very dense mixed-use urban area

1 UNIT AVAILABLE

Unit C1 & C2

Unit Size	3,863 SF	Cap Rate	6.78%
Price	$1,883,520 CAD	NOI	$127,660.80 CAD
Price Per SF	$487.58 CAD	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	$1,883,520 CAD
Price Per SF	$487.58 CAD
Condo Use	Office
Sale Type	Investment or Owner User
Cap Rate	6.78%
NOI	$127,660.80 CAD
No. Parking Spaces	13
APN/Parcel ID	2027-10-4001, 2027-10-4002

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.