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    FOR SALE
    Office buildings

    2070 Ringling Blvd, Sarasota, FL 34237

    13,989 SF 0.28 ac lot Built 1972
    Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US18-4267744
    Property summary
    AI-generated overview

    This exceptional multi-tenant office building, located in the heart of downtown Sarasota, Florida, presents a compelling owner-user investment opportunity. The 13,989 square foot Class B property sits on a 12,052 square foot lot in the Downtown Core zoning district, offering unparalleled accessibility and visibility. Priced at $3,800,000 ($271.64/sq ft), the building includes approximately 3,811 square feet of Class A office space exclusively available to the buyer, along with a retail unit and two leased office units generating a steady income stream. The versatile layout caters to diverse business needs, making it ideal for a flagship office or a mix of retail and office uses. Its prime location, steps from the courthouse, ensures high visibility and convenient access to the city's bustling activity. This property offers a unique blend of functionality, income potential, and a highly desirable location, representing a strong addition to any investment portfolio. The property is zoned for Downtown Core use.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1972
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 13,989 SF
    Lot 0.28 ac (12,054 SF)
    Zoning code DTC
    APN 2029-05-0044
    UPID US18-4267744
    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
    • Access Connects Marketing & Advertising (Bike/Boat/Book/etc) Store
    • Band, Gates & Dramis, P.L. Law Firm
    • Gates Chad L Law Firm
    • Stefan Campagna, Esq. Law Firm
    • Sarasota Estate Planning - Probate Law Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $3.35M
    Comparable Approach Comparable
    $3.60M
    Blend (final) Blend
    $3.30M
    Owner & transaction history
    Ringling Associates LLC · 11 yrs held
    Ringling Associates LLC
    since 2015
    7 recorded transactions
    2024
    2024
    2015
    $1.3M
    2008
    2008
    2006
    $19,800
    2000
    $46,600
    Zoning & alternative use
    DTC · Sarasota, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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