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505 S Orange Ave - HIGHLY VISIBLE DOWNTOWN OFFICE CONDO! 3,863 SF Office Condo Unit Offered at $1,718,700 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.

1 Unit Available

Unit C1 & C2
3,863 SF
Office
$1,718,700 CAD ($444.91 CAD/SF)
$125,808.84 CAD

Sale Type	Investment or Owner User	No. Parking Spaces	13
Sale Status	Under Contract	APN/Parcel ID	2027-10-4001, 2027-10-4002
Cap Rate	7.32%

Sale Type	Investment or Owner User
Sale Status	Under Contract
Cap Rate	7.32%
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.

Unit	Unit Size	Condo Use	Price	NOI
Unit C1 & C2	3,863 SF	Office	$1,718,700 CAD ($444.91 CAD/SF)	$125,808.84 CAD

Unit Size

3,863 SF

Condo Use

Office

Price

$1,718,700 CAD ($444.91 CAD/SF)

NOI

$125,808.84 CAD

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Unit Size	3,863 SF
Condo Use	Office
Price	$1,718,700 CAD ($444.91 CAD/SF)
NOI	$125,808.84 CAD
Sale Type	Investment or Owner User
Sale Status	Under Contract
Cap Rate	7.32%
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.</li></ul>
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.  <br> <br> 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.<br> <br> 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.</li></ul>

Property Facts Under Contract

The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.

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