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    240 Pineapple Ave Sarasota, FL 34236

    For Lease
    $34 SF/Yr

    Class A Office Space, Downtown Sarasota

    Lot size:
    139,567 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 11-story, Class A office building, totaling 139,567 square feet, presents a unique investment opportunity in Sarasota's vibrant downtown. Located at 240 S Pineapple Ave, this multi-tenant property offers 10 available spaces ranging from 1,471 to 10,161 square feet. Recently enhanced with a $4 million upgrade, the building showcases contemporary design, elegant finishes, and state-of-the-art security systems, complemented by environmentally conscious practices. Its prime location within Sarasota's central business district provides unparalleled convenience, situated adjacent to the Aloft hotel and within walking distance of upscale dining, retail establishments, and Whole Foods. Across the street, the new "The Mark" condo complex adds to the area's dynamic atmosphere with over 25,000 square feet of retail and office space. Boasting a walkability score of 96, the property also offers ample parking. The building is zoned DLC and its Sarasota County APN is 2027-06-0055. This property is situated in the Tampa-St. Petersburg-Clearwater submarket, offering excellent access to major transportation routes and a thriving business community. This is a rare chance to acquire a premier office building in a high-demand location.

    Property Features for 240 Pineapple Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    139,567 SF
    Class
    A
    Total Rate
    395439.83

    Building Details

    Stories
    11

    Unit(s) available at that property

    Space
    1st Floor Annex
    Size
    10,161 SF
    Rate per SF
    $34
    Space
    2nd Floor Annex
    Size
    9,274 SF
    Rate per SF
    $34
    Space
    Suite 510
    Size
    5,350 SF
    Rate per SF
    $34
    Space
    Suite 200
    Size
    4,997 SF
    Rate per SF
    $34
    Space
    Suite 401
    Size
    4,268 SF
    Rate per SF
    $34
    Space
    Suite 300
    Size
    9,709 SF
    Rate per SF
    $34
    Space
    Suite 400
    Size
    5,836 SF
    Rate per SF
    $34
    Space
    Suite 101
    Size
    8,755 SF
    Rate per SF
    $34
    Space
    Suite 102
    Size
    1,537 SF
    Rate per SF
    $34
    Space
    Suite 703
    Size
    1,471 SF
    Rate per SF
    $34

    HighLights

    • $4M building systems and infrastructure renovation.
    • Modern design, high‑end finishes, and advanced security systems with green building features.
    • Excellent walkability to waterfront, hotel, and new retail within two blocks.
    • Competitive tenant improvement allowance offered.
    • On‑site management and security personnel provided.
    • Electronic maintenance request system for tenant convenience.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mariner Financial Planner 228 Beach Road ... Non-Profit Organization Jacobs Fred Legal Services MB Technology Holdings, ... Software Company Abate Anthony J Attorney

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5408463
    Latitude
    27.3342207

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Space, Downtown Sarasota
    Where is this office property / space located?
    The property is located at 240 Pineapple Ave Sarasota, FL.
    What is the lease rate?
    The lease rate is $34 SF/Yr.
    What are key features of this property?
    This property features: $4M building systems and infrastructure renovation.; Modern design, high-end finishes, and advanced security systems with green building features.; Excellent walkability to waterfront, hotel, and new retail within two blocks.
    Request Owner's contact information
    240 Pineapple Ave 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 Pineapple Ave Sarasota, FL 34236
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