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    240 Washington Blvd Sarasota, FL 34236

    Sponsored
    For Lease
    $25 SF/Yr

    7,445 sq ft Office Suite Available

    Lot size:
    7,445 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This prominent seven-story Sarasota office building, located at the corner of US 301 and Fruitville, offers 7,445 square feet of available office space. Boasting excellent signage and visibility at a high-traffic intersection, this building is one of the most recognizable in the market. The space features abundant natural light from exterior and atrium-facing windows. The third floor includes an executive suite with private offices, conference rooms, and a kitchenette. Floors four and five offer suites ranging from 500 to 1,200 square feet, while the sixth and seventh floors provide large open floor plans. The ground floor is currently occupied by Chase Bank. The building is undergoing new ownership and management, with planned interior updates. Surrounded by ongoing and planned developments including residential, hotel, retail, and office spaces, this location offers exceptional growth potential. The building's total leasable area exceeds 50,000 square feet, and features an indoor atrium on floors three through seven. Square footage is calculated using the BOMA standard. Enjoy exciting views of the Sarasota skyline.

    Property Features for 240 Washington Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,445 SF

    Unit(s) available at that property

    Space
    Penthouse Suite 700
    Size
    7,445 SF
    Rate per SF
    $25

    HighLights

    • Retail and office property at 242 N Washington, Sarasota County.
    • 7,445 square feet of available space.
    • High‑profile location at US 301 and Fruitville Road intersection, offering excellent signage and visibility.
    • Seven‑story building with ground floor retail (currently occupied by Chase Bank) and upper floors offering various office suites ranging from 500 to 1,200 square feet.
    • Building is under new ownership and management with planned interior updates.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chase Mortgage Mortgage Lender MethodFactory - Full-Service Digital ... Marketing Agency Mark Porter, Ed.D., ... Psychologist Sylint Group Business Management Consultant Interactive Computer Used Computer Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5306841
    Latitude
    27.3385802

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    FAQs

    What type of property is this?
    Office Property / Space - 7,445 sq ft Office Suite Available
    Where is this office property / space located?
    The property is located at 240 Washington Blvd Sarasota, FL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Retail and office property at 242 N Washington, Sarasota County.; 7,445 square feet of available space.; High-profile location at US 301 and Fruitville Road intersection, offering excellent signage and visibility.
    Request Owner's contact information
    240 Washington Blvd Sarasota, FL 34236
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    Sarasota, FL 34236
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    240 Washington Blvd Sarasota, FL 34236
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