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Sarasota Retail/Office Building For Sale

3623 Webber St, Sarasota, FL 34232

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For Sale

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2,934 SF retail/office building in the heart of Sarasota.

Type:Retail

Property size:

2,934 SF

Price / SF:

$238/SF

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and status of this listing

Kevin Robbins

Real Estate License ID: SL3042951

HighLights

High‑traffic location at the corner of Webber and Beneva with 30,000+ vehicles daily.
Two separate 1,467 SF retail/office units with individual storefront entrances.
Flexible use: Owner‑occupy both, occupy one, or lease both for income.
Ample surface parking for customers and staff.
Downstairs unit includes reception, 4 offices, storage, kitchenette, 2 bathrooms, and a shower.
Strong demographics: High household income in 1, 5, and 10‑mile radius.

For Sale

Contact for pricing

2,934 SF retail/office building in the heart of Sarasota.

Type:Retail

Property size:

2,934 SF

Price / SF:

$238/SF

Added:: Aug 7, 2023
Days on Market:: 1065
Last Refresh:: Jul 5 at 5:23 am

Property Features for 3623 Webber St

General Information

Standard status: Active
Size: 2,934 SF
Property subtype: Retail

Building Details

Year Built: 1982

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Contact an agent

Kevin Robbins

Listing office Harry E Robbins Associate

Listing date Aug 7, 2023

Source Crexi

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 Harry E Robbins Associate

HighLights

High‑traffic location at the corner of Webber and Beneva with 30,000+ vehicles daily.
Two separate 1,467 SF retail/office units with individual storefront entrances.
Flexible use: Owner‑occupy both, occupy one, or lease both for income.
Ample surface parking for customers and staff.
Downstairs unit includes reception, 4 offices, storage, kitchenette, 2 bathrooms, and a shower.
Strong demographics: High household income in 1, 5, and 10‑mile radius.

Overview

Located in the heart of Sarasota, this 2,934 SF retail/office building offers flexibility for an owner to relocate their business and occupy both suites, occupy one suite, or lease out both suites as a cash flow producing asset. The building is comprised of two separate 1,467 SF retail/office units, each with its own storefront entrance. The downstairs unit features a reception area, four private offices, multiple storage closets, a kitchenette, two bathrooms, and a shower. The upstairs unit features an open workspace, four private offices, and two restrooms. The property is ideally located at the Northeast corner of the high traffic intersection of Webber and Beneva, which features a daily traffic count of 30,000 + vehicles. Ample parking is available in the surface parking lot, providing easy access for customers and staff. The surrounding area within a 1-mile radius contains 6,521 households with an average household income of $75,884. The 5-mile radius contains 102,152 households with an average household income of $73,586, and the 10-mile radius contains 182,657 households with an average household income of $77,432.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$67.6k	$23.04
− Vacancy	−$3.7k	−$1.27
EGI	$63.9k	$21.77
− OpEx	−$16.0k	−$5.44
NOI	$47.9k	$16.33

2,934 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$684.4K

$598.9K – $798.5K (±1% cap)

NOI $47,911 @ 7.0% cap · market cap 6.85%

Second Best

Retail

$515.4K

$451.0K – $601.4K (±1% cap)

NOI $36,081 @ 7.0% cap · market cap 5.16%

Theoretical Best

Office A

$862.8K

$755.0K – $1.01M (±1% cap)

NOI $60,396 @ 7.0% cap · market cap 8.64%

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

Property Profile Location Intelligence

Current Use by Public Records

New Moka Oriental ... Alternative Medicine Practice Super Circle Fitness Gym & Fitness Center

Suggested Use

Location Insight

Map
Local Demand

City: Sarasota
County: Manatee
State: Florida
Longitude: -82.4970398
Latitude: 27.3092181

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For sale
Retail space
FL
Sarasota
34232
3623 Webber St

What type of property is this?

Retail space - 2,934 SF retail/office building in the heart of Sarasota.

Where is this retail space located?

The property is located at 3623 Webber St Sarasota, FL.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: High‑traffic location at the corner of Webber and Beneva with 30,000+ vehicles daily.; Two separate 1,467 SF retail/office units with individual storefront entrances.; Flexible use: Owner‑occupy both, occupy one, or lease both for income.