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Downtown Sarasota Redevelopment Opportunity 1777 Main St 105,000 SF 100% Leased Office Building Sarasota, FL 34236 For Sale
Investment Highlights
- Rare ±2.38-Acre Downtown Land Assemblage
- Existing ±105,000 SF Income-Producing Office Asset
- Corporate Seller
- Premier Signalized Corner Main Street & S Osprey Avenue
- Active Adjacent Development Momentum
- Exceptional Development Density Potential
Executive Summary
This 2.38-acre Downtown Core (DTC)-zoned site sits at the signalized intersection of Main Street and South Osprey Avenue, presenting a compelling repositioning or redevelopment opportunity in one of Florida’s most supply-constrained infill markets. The site is one of two parcels in a Truist Bank disposition and is being offered independently. The existing 10-story Class A office building includes an active Truist branch and approximately 105,000 SF of available space, offering in-place cash flow while redevelopment plans are pursued, with strong corner visibility. Current tenants will all be vacated by 2027.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Building Size
105,000 SF
Building Class
B
Year Built
1983
Percent Leased
100%
Tenancy
Multiple
Building Height
10 Stories
Typical Floor Size
10,500 SF
Slab To Slab
14’
Building FAR
1.01
Lot Size
2.38 AC
Opportunity Zone
Yes
Zoning
DTC - Downtown Core District (Highest-Intensity Zoning)
Parking
60 Spaces (0.57 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Bus Line
- Direct Elevator Exposure
1 1
Very walkable
80/100
Fairly drivable
50/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2026-15-0086 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $12,152,635 |
Property Taxes
Parcel Number
2026-15-0086
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$12,152,635
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