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5104 N Lockwood Ridge Rd Sarasota, FL 34234

For Sale
$2,700,000

16,278 RSF office building with income and oversized parking.

Lot size:
1.58 Acres

Property Features for 5104 N Lockwood Ridge Rd

General Information

Lot size
1.58 Acres

Source: HEMBREE & ASSOCIATES INC Agent Michael Hollander

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Sarasota Office Building For Sale

This 16,278 RSF office building features an oversized parking area and is situated on two parcels totaling 2.48 acres (67,642 sf & 40,395 sf). The property has site work including site lateral plumbing, retention, hard and pervious parking intended for a second building were previously installed. The building includes six office suites on the first floor with direct entrances, two tenants on the second floor, and two tenants on the third floor. Three of the tenants have combined multiple suites. Most tenants have been in place since 2019, with the newest 3,300 sf tenant arriving in 2024. The property has a CAP Rate of 7.65%, with 2024 expenses of $119,181, an income of $325,848 (current rent annualized), and a NOI of $206,666. Above conditions and referenced property entitlements need to be verified with county by purchaser in a due diligence period.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

A Lending Hand, Inc. Home Health Care Service CPA Tax Accountant James M. Benedick, ... Counselor Soul Sanctuary Psychotherapist Senior Helpers Home Health Care Service

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Sarasota
County
Manatee
State
Florida
Longitude
-82.50505
Latitude
27.3783284

FAQs

What type of property is this?
Office building - 16,278 RSF office building with income and oversized parking.
Where is this office building located?
The property is located at 5104 N Lockwood Ridge Rd Sarasota, FL.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: - High CAP Rate: 7.65%; - Substantial NOI: $206,666; - Large Land Area: 2.48 acres (2 Parcels)
More about this property
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