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1850-1890 University Pky 30,000 SF 100% Leased Industrial Building Sarasota, FL 34243 $4,950,000 ($165/SF)



EXECUTIVE SUMMARY
An exceptional opportunity to acquire a high-profile 30,000?SF commercial building on University Parkway, one of Sarasota’s most sought-after corridors. The property features a storefront entrance leading into a spacious showroom/office area, offering excellent frontage, signage visibility, and direct access from the parkway. Designed with concrete load-bearing walls and a durable, low-pitch built-up roof, this well-maintained structure is built for longevity and flexible use.
Positioned for both investors and owner-users, this income-producing asset earns stable rental revenue through multiple tenants (office, showroom, industrial, or medical uses) under long-term leases. The ILW zoning supports a broad range of light industrial and office users, enhancing the appeal for diverse operators. Situated just 1.3 miles east of SRQ Airport on a major commuter route (University Parkway carries up to 38,500 vehicles daily) the building benefits from exceptional visibility and ease of access, including convenient ingress and egress.
This offering is ideal for buyers seeking a turnkey investment with attractive cash flow, or for businesses aiming to operate in a functional, high-traffic showroom/office environment. Don’t miss this rare chance to own a spacious, versatile asset in a marquee location.
Positioned for both investors and owner-users, this income-producing asset earns stable rental revenue through multiple tenants (office, showroom, industrial, or medical uses) under long-term leases. The ILW zoning supports a broad range of light industrial and office users, enhancing the appeal for diverse operators. Situated just 1.3 miles east of SRQ Airport on a major commuter route (University Parkway carries up to 38,500 vehicles daily) the building benefits from exceptional visibility and ease of access, including convenient ingress and egress.
This offering is ideal for buyers seeking a turnkey investment with attractive cash flow, or for businesses aiming to operate in a functional, high-traffic showroom/office environment. Don’t miss this rare chance to own a spacious, versatile asset in a marquee location.
PROPERTY FACTS
| Price | $4,950,000 | Rentable Building Area | 30,000 SF |
| Price Per SF | $165 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1977 |
| Property Type | Industrial | Parking Ratio | 2.13/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 11’8” |
| Building Class | B | No. Drive In / Grade-Level Doors | 8 |
| Lot Size | 2.35 AC | ||
| Zoning | ILW | ||
| Price | $4,950,000 |
| Price Per SF | $165 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.35 AC |
| Rentable Building Area | 30,000 SF |
| No. Stories | 1 |
| Year Built | 1977 |
| Parking Ratio | 2.13/1,000 SF |
| Clear Ceiling Height | 11’8” |
| No. Drive In / Grade-Level Doors | 8 |
| Zoning | ILW |
AMENITIES
- 24 Hour Access
- Yard
- Monument Signage
UTILITIES
- Lighting - Mercury
- Water - County
- Sewer - County
- Heating - Electric
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PROPERTY TAXES
| Parcel Number | 0024-01-0016 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,521,047 |
PROPERTY TAXES
Parcel Number
0024-01-0016
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,521,047
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1850-1890 University Pky
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