1626 Ringling BlvdSarasota, FL 34236

Property Details for 1626 Ringling Blvd

Year built

2005

Lot size

0.69 AC

Property size (Sq ft)

41,781 SF

Zone code

DTC

Property type

Office properties

Property subtype

Office buildings

APN

2027-07-0029

APU

2027070029

Description

This exceptional street retail space, totaling 1,399 square feet, is ideally situated in the heart of downtown Sarasota. Built in 2005, this single-tenant property is part of a larger five-story building encompassing 119,143 square feet. The building's prominent location ensures incredible visibility and consistent foot traffic, making it an attractive proposition for a variety of businesses. The property benefits from its accessibility and central downtown location, offering unparalleled exposure to potential customers. The zoning designation is DTC. The property's parcel number (APN) is 2027070029, and it is located in Sarasota County. This is a fantastic opportunity for businesses seeking a high-traffic, high-visibility location in a thriving downtown area. Please note that the current tenant should not be disturbed. The property features a single tenancy within a larger building structure, offering a unique blend of independent business operation and the benefits of a larger building complex. This presents a rare chance to establish a business in a highly desirable and well-established area. The building's modern construction (2005) ensures contemporary amenities and functionality.

• CAP approach

  CAP return

  Valuation

  6%

  $11,082,834

  6.5%

  $10,230,309

  7%

  $9,499,572

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,381,670

  Geo Method

  $7,630,464

• Alternative Use

  Use

  Valuation

  Residential

  $12,685,583

  Hospitality

  $11,619,926

  Educational

  $9,667,642

  Medical

  $10,000,127

  Retail

  $15,038,554

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3346

Longitude

-82.5382

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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