2072 Constitution BlvdSarasota, FL 34231

Property Details for 2072 Constitution Blvd

Year built

1976

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.23 AC

Property size (Sq ft)

3,014 SF

Zone code

CN

Property type

Office properties

Property subtype

Office buildings

APN

0086-13-0006

APU

86130006

Description

This exceptional mixed-use property, located at 2072 Constitution Blvd in Sarasota, Florida (zip code 34231), presents a unique investment opportunity. The 4,628 square foot building, constructed in 1976 and renovated in 1990, boasts a charming Mediterranean style. It features two distinct units, each offering versatile space ideal for a variety of commercial uses. The north unit, currently configured as a professional office space, features a built-in reception area, conference room, two private offices, and an open office area. This space is easily adaptable to a retail layout, complete with two restrooms and a private entrance. The south unit, currently leased to a salon, is a turnkey operation with two large open areas, private offices, an outdoor covered storage area, and a large ADA-compliant restroom. The property also includes a two-car garage, secure outdoor storage with a private entrance, and ample surface parking. A prominent pylon sign provides excellent visibility. The property sits on a 9,988 square foot lot and is zoned CN, allowing for diverse commercial applications. The asking price is $1,129,000, translating to $243.95 per square foot of net rentable space (3,014 square feet). This well-maintained property offers significant potential for both owner-occupancy and investment purposes, with opportunities for diverse tenant mixes. The property's prime Sarasota location near Siesta Key ensures high visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $871,605

  6.5%

  $804,558

  7%

  $747,090

• Comparable approach

  Method

  Valuation

  Relative Method

  $600,353

  Geo Method

  $550,447

• Alternative Use

  Use

  Valuation

  Residential

  $997,652

  Hospitality

  $913,844

  Educational

  $760,308

  Medical

  $786,456

  Retail

  $1,182,701

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.2696

Longitude

-82.5292

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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