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    FOR LEASE
    Medical Office Space

    1 S School Ave, Sarasota, FL 34237

    88,178 SF 2.04 ac lot Built 2000
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US18-5211028
    Property summary
    AI-generated overview

    Kane Plaza, a prestigious 10-story Class A office tower in Downtown Sarasota, offers exceptional office and medical suites. Located at the Main Street and South School Avenue roundabout, this building boasts spectacular city views down Main Street. The beautifully updated lobby features a modern design and abundant natural light, extending throughout the common areas and individual suites. Five spaces are currently available, ranging from 1,298 to 8,976 square feet, making it suitable for various professional needs, including physicians and attorneys. The building provides easy access to I-75 and the Downtown core, with ample parking in an adjacent 4-story garage and 3 surface lots. Excellent visibility is ensured by monument signage on Main Street and additional signage facing Fruitville Road. The meticulously maintained landscaping and convenient location make Kane Plaza an ideal choice for businesses seeking prime office space in a thriving downtown setting. The building's multiple tenancy structure offers flexibility for businesses of all sizes. Located in Sarasota County, this property offers a blend of modern amenities and a convenient location.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2000
    Total area 88,178 SF
    Lot 2.04 ac (88,991 SF)
    Zoning code CG; DTC
    APN 2029-03-0069
    UPID US18-5211028
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Coastal Medical Center Medical Clinic
    • Fournier, Connolly, Shamsey, Mladinich & Polzak, P.A. Law Firm
    • Kreithen Joshua MD Physician Medical Clinic
    • The Gapin Institute: Erectile Dysfunction (ED) Physician
    • Freeman Financial Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $24.91M
    Comparable Approach Comparable
    $22.91M
    Blend (final) Blend
    $22.55M
    Owner & transaction history
    David Kennon Incorporated · 2 yrs held
    David Kennon Incorporated
    since 2024
    5 recorded transactions
    2024
    2018
    $12.5M
    2015
    2014
    $11.5M
    1999
    $500,000
    Zoning & alternative use
    CG; DTC · Sarasota, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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