Property summary
The property consists of a metal-framed building configured for flexible use, including approximately 1,000 sq ft of air-conditioned office space with a reception area and two half baths, with the remainder arranged for warehouse, shop, and service operations. Interior use has included auto repair, boat sales and repair, and storage. Two large bay doors are set on the north and south sides of the building, sized approximately 10 x 12 ft and 12 x 12 ft. The site comprises approximately 0.49 acres in downtown Sarasota and includes an adjacent parcel at 2010 Princeton St.; that neighboring parcel is fenced with an access gate and used for boat, trailer, and commercial vehicle storage. The location is about one block off US-301 and approximately 1.4 miles from Centennial Park Boat Ramp, providing access to downtown Sarasota and major transportation corridors. The property is zoned Industrial General District (IGD), which allows a broad range of permitted uses including manufacturing, warehousing, wholesale distribution, light industrial uses, automotive repair, marine service, and contractor operations, among others.
Property profile
VerifiedCap rate & NOI
Current use
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Boat Rental Service
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Freight Service Logistics Company
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(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
tricts, and modify the use characteristics for accessory uses of religious institutions. 24-5540 Solar Utilities (24-ZTA-03) - An Ordinance to allow a Solar Utility as a permitted use in the Industrial General District (…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Derived from the Sarasota market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
IGD · Sarasota, FLtricts, and modify the use characteristics for accessory uses of religious institutions. 24-5540 Solar Utilities (24-ZTA-03) - An Ordinance to allow a Solar Utility as a permitted use in the Industrial General District (…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
tricts, and modify the use characteristics for accessory uses of religious institutions. 24-5540 Solar Utilities (24-ZTA-03) - An Ordinance to allow a Solar Utility as a permitted use in the Industrial General District (…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IGD in Sarasota, FL.
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