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    1709 Ringling Blvd Sarasota, FL 34236

    For Sale
    Contact for pricing

    Prime location, 92,860 sq ft, multi-tenant

    Property size:
    92,860 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This six-story Class B office building, located at 1709 Ringling Blvd in Sarasota, Florida (zip code 34236), offers 92,860 square feet of space suitable for various commercial uses. Situated in a Downtown Sarasota Opportunity Zone, this freestanding building enjoys high visibility along Ringling Boulevard, a major thoroughfare connecting US 301 and US 41. Recent improvements to Ringling Boulevard include wider bike lanes, enhancing connectivity to the Legacy Trail and Sarasota Bayfront. Further enhancements are underway, including a new roundabout at the Ringling and Pine intersection to improve traffic flow and create a park directly in front of the property. The building's ground floor, with frontage on Ringling and/or Pine Street, is ideal for office or retail use, benefiting from parallel parking on Pine Street shared with Postal Service customers. The building's zoning allows for office, self-storage, and retail uses, making it a versatile investment opportunity below replacement value. The property is multi-tenant and presents a unique chance to acquire significant commercial space in a rapidly developing area of Downtown Sarasota.

    Property Features for 1709 Ringling Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    92,860 SF
    Class
    B
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Defense Tax Partners ... Tax Preparation Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.53605
    Latitude
    27.335286

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, 92,860 sq ft, multi-tenant
    Where is this office property / space located?
    The property is located at 1709 Ringling Blvd Sarasota, FL.
    (941) 724-2321
    Request Owner's contact information
    1709 Ringling 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
    1709 Ringling Blvd Sarasota, FL 34236
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