HARD TO FIND OFFICE CONDO IN DOWNTOWN SARASOTA!

505 S. Orange Ave., Ste.'s C1 & C2 Sarasota, FL 34236

505 S. Orange Ave., Ste.'s C1 & C2, Sarasota, FL, 34236
Exterior View
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FOR SALE
Property Type:
Other Special Purpose
Amount:
$1,525,000
Last Verified:
May 15, 2024
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Description

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.

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


Year Built: 2007
Building Size: 3863sq ft
Building Class: B
Lot Size: 0 acres


Documents

KanayaFloorPlans_GaragePlan.pdf
505OrangeAveC1C2-SCPA.pdf

Map of 505 S. Orange Ave., Ste.'s C1 & C2, Sarasota, FL, 34236

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.