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11-Story Class-A Office Tower
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240 S Pineapple Ave, Sarasota, FL 34236

11-story Class-A office tower with contemporary upgrades and state-of-the-art security.

Property Size345 SF
Days on Market148

Property Features for 240 S Pineapple Ave

General Information

Standard status Active
Size 345 SF
Class A
Property subtype OFFICE
Lease Type SF/mo

Building Details

Stories 11
Listing Agency: Ian Black Real Estate, LLC
Listed By: Jag Grewal CCIM, SIOR
Source: Moodyscre
Added: Mar 9 Changed: Jul 29 Last Checked: Aug 2 at 1:41PM

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 Ian Black Real Estate, LLC

Investment Insights

Based on property information with market context.

240 S. Pineapple Ave is an 11-story Class-A office tower featuring a reported $4-million upgrade with contemporary design, elegant finishes, state-of-the-art security, and green practices.

The building sits within downtown Sarasota’s retail corridor, adjacent to the Aloft hotel, and within walking distance of restaurants, bars, shops, and Whole Foods. It is also across the street from “The Mark,” a newer condo complex with more than 25,000 SF of retail and office space. The property is described as having a walkability score of 96 and plenty of parking.

Key Highlights

  • 11‑story Class‑A office tower in the heart of downtown Sarasota’s business district.
  • Completed a $4‑million upgrade with contemporary designs and elegant finishes.
  • State‑of‑the‑art security.

Property Analytics

Current Use

Mariner Financial Advisor 228 Beach Road ... Charitable Organization Jacobs Fred Law Firm MB Technology Holdings, ... (Bike/Boat/Book/etc) Store Abate Anthony J Law Firm

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Daycare Center Veterinary Clinic Clothing & Fashion Store Pet Store

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
$6.26 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,281
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

$813,119 /SF/Yr
Avg Asking Price
$37–$2,200,000 /SF/Yr
Price Range
6,562 SF
Avg Space Size

This space is priced 100% below the average of $813,119 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Office building - 11-story Class-A office tower with contemporary upgrades and state-of-the-art security.
Where is this office building located?
The property is located at 240 S Pineapple Ave Sarasota, FL.
What is the lease rate?
The lease rate is $1,200 /Mo.
What are key features of this property?
This property features: 11‑story Class‑A office tower in the heart of downtown Sarasota’s business district.; Completed a $4‑million upgrade with contemporary designs and elegant finishes.; State‑of‑the‑art security.
(941) 356-5042 Call to check price and availability
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