505 S Orange Ave - Medical CONDO FOR SALE


Sarasota, FL 34236
$1,525,000 USD
941-809-6351
505 S Orange Ave, Sarasota, FL for Sale
$1,525,000 USD
Medical CONDO - FOR SALE
1/54
null | 6% Cap Rate

Jul '27


505 S Orange Ave
Sarasota, FL 34236


HIGHLIGHTS

  • 13 Secured, Covered Parking Spaces!
  • Incredible Downtown Location!
  • Well Maintained!

OVERVIEW

The suite can be purchased as an investment or be delivered VACANT. 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.

FOR SALE DETAILS

PRICE

$1,525,000 USD

PRICE/SF

$395 USD /SF

CAP RATE

6%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

HARD TO FIND DOWNTOWN OFFICE CONDO!

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

105,000 SF

STORIES

15

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

DTC (Downtown Core)

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Eric MasseyMichael Saunders & CompanyMore Info
941-809-6351

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Eric MasseyMichael Saunders & CompanyMore Info
941-809-6351

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.