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505 S Orange Ave - HIGHLY VISIBLE DOWNTOWN OFFICE CONDO! 3,863 SF Office Condo Unit Offered at $1,250,000 in Sarasota, FL 34236
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
- Unit Size
- Condo Use
- Price
- NOI
| 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.
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 | $1,250,000 ($323.58/SF) | $91,500 |
Unit C1 & C2
| Unit Size |
| 3,863 SF |
| Condo Use |
| Office |
| Price |
| $1,250,000 ($323.58/SF) |
| NOI |
| $91,500 |
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Unit C1 & C2
| Unit Size | 3,863 SF |
| Condo Use | Office |
| Price | $1,250,000 ($323.58/SF) |
| NOI | $91,500 |
| 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.
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Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
505 S Orange Ave - HIGHLY VISIBLE DOWNTOWN OFFICE CONDO!