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Sarasota Office Condo Investment
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505 S Orange Ave, Sarasota, FL 34236

Two-story office condo in downtown Sarasota with secured parking.

Property Size3,863 SF
Lot Size0.70 Acres
Days on Market185

Property Features for 505 S Orange Ave

General Information

Standard status Active
Size 3,863 SF
Lot size 0.70 Acres
Property subtype OFFICE
Listing Agency: MS&C Commercial
Listed By: Eric Massey · License #604760
Source: Moodyscre
Added: Jan 27 Changed: Jul 10 Last Checked: Apr 5 at 8:17PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MS&C Commercial

Investment Insights

Based on property information with market context.

This 3,863 square foot two-story office condo is located in Sarasota, FL, and is suitable for any type of office use. It is zoned DTC (Downtown Core), offering a central location with high visibility and accessibility. The suite includes 13 covered, secured parking spaces. The suite can be purchased as an investment or delivered vacant at closing. There is currently a NNN lease in place until June 30th, 2027, offering a 6% cap rate.

Key Highlights

  • Strategic location in the heart of Sarasota, FL with DTC (Downtown Core) zoning.
  • 3,863 SF two‑story office condo suitable for various office uses.
  • Benefit from 13 covered, secured parking spaces.

Property Analytics

Current Use

Mc Cormack Thomas Medical Clinic Cayuga Hospitality Consultants Consultant Quantum Consultancy, LLC Engineering Consultant Fyzical Offices Business Service Center Environmental Science Associates Environmental Consultant

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Clothing & Fashion Store Locksmith Florist Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,278
Businesses Nearby

Demographics for 34236, FL

14,083
Population
11,661
Households
1.2
Avg Household Size
66
Median Age
62%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
3,912
Density / Sq Mi
$96,400
Median Household Income
$48,828
Median Earnings
$2,010
Median Rent
$917,100
Median Home Value

Market

Lease Benchmarks for Sarasota, FL

$30.53 /SF/Yr
Avg Asking Price
$17–$66.95 /SF/Yr
Price Range
3,530 SF
Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Two-story office condo in downtown Sarasota with secured parking.
Where is this office units located?
The property is located at 505 S Orange Ave Sarasota, FL.
What are key features of this property?
This property features: Strategic location in the heart of Sarasota, FL with DTC (Downtown Core) zoning.; 3,863 SF two‑story office condo suitable for various office uses.; Benefit from **13 covered, secured parking spaces.**
(941) 809-6351 Call to check price and availability
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