Mixed-Use Building with Medical
New
For Sale
$10,380,000
736 Central Avenue, Sarasota, FL 34236
Three-level property combines medical facilities, office suites, event space and a street-facing retail suite.
Property Size29,658 SF
Price / SF$349.99
Days on Market4
Property Features for 736 Central Avenue
General Information
Standard status
Active
Size
29,658 SF
Total Parking Spaces
40
Elevators
Yes
Property subtype
Commercial
Occupancy
100%
Site & Location
Frontage
42 ft
End Cap
Yes
Drive-Thru
No
Anchor Co-Tenants
Whole Foods Market, CVS
Additional Details
Floor
Ground
Business Included
Yes
Liquor License
Yes
Amenities
LEED Certified
multi-use room
conference rooms
private offices
medical facility
employee lounge with balcony
Building Details
Year Built
2008
Buildings
1
Stories
3
Construction
brick
Tenancy
Single
Listing Agency:
MSC Commercial
Listed By:
Eric Massey · License #604760
(941) 809-6351
Source:
Msccommercial
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 6 at 2:56AM
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 MSC Commercial
Investment Insights
Based on property information with market context.
The 29,658-square-foot, LEED-certified building was completed in 2008 and is arranged across three floors with elevator access. The ground level includes a secured reception area, a multipurpose gathering room, private offices, conference space and a 1,020-square-foot retail suite with 51 feet of frontage on Central Avenue. The second floor is configured for medical use, with surgery, exam, patient, laboratory and recovery rooms. The upper floor has reception and conference areas, private offices, a cubicle area, employee lounge and balcony.
The site includes 40 secured parking spaces and a roundabout sized for ambulance or emergency access. A contiguous 13,350-square-foot parcel at 700 Central Avenue is also on the market and currently provides overflow parking.
The site includes 40 secured parking spaces and a roundabout sized for ambulance or emergency access. A contiguous 13,350-square-foot parcel at 700 Central Avenue is also on the market and currently provides overflow parking.
Key Highlights
- 29,658‑square‑foot LEED‑certified building, completed in 2008
- Three floors with central elevator access
- Second‑floor medical layout includes surgery, exam, patient, laboratory and recovery rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$544,489
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,889,780
$10.9M
Cap Rate 7%
$7,778,414
$7.8M
Cap Rate 9%
$6,049,878
$6.0M
Market Conditions
NOI Build-Up for 29,658 SF
Gross rent
$950.2K $32.04/SF
− Vacancy
−$42.8K −$1.44/SF
EGI
$907.5K $30.60/SF
− OpEx
−$363.0K −$12.24/SF
NOI
$544.5K $18.36/SF
Area
Sarasota County, FL
Vacancy
4.50%
Lease Rate
$32.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,889,780
Cap Rate 7%
$7,778,414
Cap Rate 9%
$6,049,878
Alternative Uses
Best Use
Healthcare Medical
$7.78M
$6.81M – $9.07M
NOI $544,489 @ 7.0% cap · market cap 5.25%
Second Best
Mixed Use
$7.55M
$6.60M – $8.80M
NOI $528,283 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$8.43M
$7.38M – $9.83M
NOI $590,033 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
3,827
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-level property combines medical facilities, office suites, event space and a street-facing retail suite.
Where is this mixed-use property located?
The property is located at 736 Central Avenue Sarasota, FL.
What is the asking price?
The asking price for this property is $10,380,000.
What are key features of this property?
This property features: 29,658‑square‑foot LEED‑certified building, completed in 2008; Three floors with central elevator access; Second‑floor medical layout includes surgery, exam, patient, laboratory and recovery rooms
