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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.
Data Room Click Here to Access
- Offering Memorandum
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
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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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