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    FOR LEASE
    Office buildings

    1990 Main St, Sarasota, FL 34236

    22,500 SF 1.11 ac lot Built 1926
    Individually Owned 23-yr Hold Absentee Owner Free & Clear
    Property ID
    US18-8630621
    Property summary
    AI-generated overview

    Courthouse Centre, located at 1990 Main Street in Sarasota, Florida 34236, offers a prime leasing opportunity. This Class A office building, constructed in 2004, boasts 93,756 square feet of space and currently has 33,185 contiguous square feet available for lease on the 8th floor. The space is highly adaptable and can be subdivided to accommodate tenants' specific needs, with a minimum leasable area of 3,000 square feet. The building's strategic downtown location at the busy intersection of US-301 and Ringling Boulevard provides excellent visibility and accessibility. Ample parking is available with a generous 3:1000 ratio included in the rent, and an overall ratio of approximately 4.2:1000. The property also offers unique branding opportunities with naming rights on the top floor exterior. The building is suitable for traditional office, executive office, and medical office uses. This is a rare opportunity to secure a highly visible and adaptable space in a thriving Sarasota location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1926
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 22,500 SF
    Lot 1.11 ac (48,256 SF)
    Zoning code DTC
    APN 2027-01-0084
    UPID US18-8630621
    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
    • Abogados USA Law Firm
    • Marten Law PA Law Firm
    • Debt Negotiation Florida Financial Advisor
    • National Estate Jewelry Buyers (Bike/Boat/Book/etc) Store
    • RedSwipe.com, LLC. (Bike/Boat/Book/etc) Store Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $11.68M
    Blend (final) Blend
    $11.02M
    Owner & transaction history
    Courthouse Centre Of Sarasota · 23 yrs held
    Courthouse Centre Of Sarasota
    since 2003
    3 recorded transactions
    2003
    1999
    $860,000
    1969
    Zoning & alternative use
    DTC · Sarasota, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $17.8M +25.3%
    Neighborhood: shopping center $15.8M +11.0%
    Commercial (general) $15.7M +10.2%
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    More about this property
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