1 Tuttle Ave Sarasota, FL 34237-6327
- Office buildings
- 6,045 SF
- 0.57 lot acres
Current Use by Public Records
- SRQ Wealth / Financial Advisor
- JTL Design Studios / Architect
- Johnson Robert M / Title Company
Property Details for 1 Tuttle Ave
- Year built
- 1982
- Construction
- FRAME
- Lot size
- 0.57 lot acres
- Property size
- 6,045 SF
- Zone code
- OPB
- Property type
- Office buildings
- APN
- 2029-01-0041
- APU
- 2029010041
Description
This exceptional single-tenant office space is ideally situated near downtown Sarasota. The property offers a highly functional layout perfect for a variety of professional uses. Upon entering, you'll find a welcoming reception area complete with seating and a dedicated receptionist desk. The main workspace features six individual offices arranged around a spacious, open area suitable for four or more employees. Adding to the versatility, a separate wing includes three additional private offices and a convenient storage room. The building's location provides easy access to the vibrancy of downtown Sarasota, offering employees and clients a desirable and convenient work environment. This well-maintained space is ready for immediate occupancy and presents a fantastic opportunity for businesses seeking a professional and efficient workspace. The layout is designed to maximize productivity and collaboration, making it an ideal choice for a growing company or established firm. The combination of private offices and open workspace allows for both individual focus and team interaction. The inclusion of a storage room adds practicality and organization to the overall functionality of the space. This property represents a rare opportunity to secure a high-quality office space in a prime Sarasota location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,565,000
- 6.5%
- $1,445,000
- 7%
- $1,345,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,461,000
- AI Estimate
- $2,011,000
Market price range: $1.52M - $2.85MMarket price range: $1.05M - $2.25M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,995,000 Current use
- AUTO REPAIR, GARAGE
- $2,655,000 Change: +33% Conversion: Difficult
- MEDICAL BUILDING
- $2,405,000 Change: +20% Conversion: Easy
- RETAIL STORES
- $2,385,000 Change: +20% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Sarasota
- State
- Florida
- Longitude
- -82.5144
- Latitude
- 27.3368
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA