3148 Southgate Cir Sarasota, FL 34239
- Office buildings
- 3,300 SF
- 0.28 lot acres
Current Use by Public Records
- Sils Art Studio LLC. / Aromatherapy Service
- Melanie Kasper / Wellness Center
- Peace Of Heart LLC / Counselor
- Paradise Natural Health Consulting / Health Consultant
- Revitalize Reflex / Massage Therapist / Reflexologist
Property Details for 3148 Southgate Cir
- Year built
- 1961
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.28 lot acres
- Property size
- 3,300 SF
- Zone code
- CN
- Property type
- Office buildings
- APN
- 0057-08-0059
- APU
- 57080059
Description
This exceptional 3,750-square-foot free-standing office building, located at 3148 Southgate Cir, Sarasota, FL 34239, presents a compelling investment opportunity. The Class B property, built in 1961, sits on a 12,000-square-foot lot and boasts 3,300 square feet of net rentable space, currently housing a mix of wellness and related service providers. The asking price is $1,469,000, translating to $424 per square foot. The single-story building features a mansard facade, stucco exterior, and a paved parking lot with approximately 29 spaces. Interior features include a versatile configuration with three separate suites, each with its own entrance and lobby, along with four restrooms and sixteen individual rooms. The property benefits from excellent street visibility and signage opportunities, a prime location minutes from downtown Sarasota, both local hospitals, Bee Ridge Road, Siesta Key, and I-75. Municipal water and sewer services are in place, and the property is zoned CN Commercial Neighborhood. The property includes standard utility easements. The APN is 0057080059. 2022 real estate taxes totaled $6,052.10. Financial details are available upon request with a signed Non-Disclosure/Confidentiality Agreement. This property is ideal for investors, particularly those seeking a 1031 exchange, or an operating business seeking a new home. Its proximity to Southgate Circle Park adds to its appeal. The building utilizes a central, electric heating system and an engineered air conditioning system. Internet access is available via cable.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $490,000
- 6.5%
- $420,000
- 7%
- $440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $405,000
- Geo Method
- $400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $465,000
- Retail
- $420,000
- Mixed-Use
- $475,000
- Hospitality
- $385,000
- Educational
- $515,000
- Residential Income
- $430,000
- Energy
- $470,000
- Income-Based Land
- $490,000
- Food Service
- $520,000
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Sarasota
- State
- Florida
- Longitude
- -82.5148
- Latitude
- 27.3059
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
