Property summary
A freestanding seven-story office building is located on the corner of US 301 and Fruitville at the entrance to downtown Sarasota, positioned on a lighted intersection with heavy traffic and skyline views. The property contains more than 50,000 square feet of leasable space and features prominent exterior signage. The ground level is configured for retail use, with an existing bank tenancy. Floors 3 through 7 include an indoor atrium that is intended to provide natural light through exterior and interior windows. The third floor is arranged as an executive suite with large private offices, shared conference areas, and a kitchenette, with direct access to the atrium. Floors 4 and 5 are divided into office suites sized approximately 500 to 1,200 square feet. The sixth and seventh floors (penthouse level) provide large open-plan spaces suited to single-user occupancy. The property has been subject to ownership and operational updates with interior improvements planned, and the surrounding area is experiencing or planned for additional development including residential, hotels, retail, and office uses.
Property profile
VerifiedCap rate & NOI
Current use
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Loan Service Bank
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Advertising Agency Marketing & Advertising
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Physician Medical Clinic
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Business Management Consultant
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Electronics & Wireless Store Discount Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
screening between registered vacation rentals and single family uses; modify the definition for restaurants and add language to facilitate outdoor restaurants and seating; permit mobile food trucks as a permitted use in…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Sarasota market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
DTC · Sarasota, FLscreening between registered vacation rentals and single family uses; modify the definition for restaurants and add language to facilitate outdoor restaurants and seating; permit mobile food trucks as a permitted use in…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
screening between registered vacation rentals and single family uses; modify the definition for restaurants and add language to facilitate outdoor restaurants and seating; permit mobile food trucks as a permitted use in…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DTC in Sarasota, FL.
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