2072-2074 Constitution Blvd Sarasota, FL 34231
- Office buildings
- 3,014 SF
- 0.23 lot acres
Current Use by Public Records
- Beauty By Becca / Hair Salon
- Joseph Angeleri Inc. / Construction Company / General Contractor
Property Details for 2072-2074 Constitution Blvd
- Year built
- 1976
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.23 lot acres
- Property size
- 3,014 SF
- Zone code
- CN
- Property type
- Office buildings
- APN
- 0086-13-0006
- APU
- 86130006
Description
This exceptional mixed-use property, located at 2072 Constitution Blvd in Sarasota, Florida (zip code 34231), presents a unique investment opportunity. The 4,628 square foot building, constructed in 1976 and renovated in 1990, boasts a charming Mediterranean style. It features two distinct units, each offering versatile space ideal for a variety of commercial uses. The north unit, currently configured as a professional office space, features a built-in reception area, conference room, two private offices, and an open office area. This space is easily adaptable to a retail layout, complete with two restrooms and a private entrance. The south unit, currently leased to a salon, is a turnkey operation with two large open areas, private offices, an outdoor covered storage area, and a large ADA-compliant restroom. The property also includes a two-car garage, secure outdoor storage with a private entrance, and ample surface parking. A prominent pylon sign provides excellent visibility. The property sits on a 9,988 square foot lot and is zoned CN, allowing for diverse commercial applications. The asking price is $1,129,000, translating to $243.95 per square foot of net rentable space (3,014 square feet). This well-maintained property offers significant potential for both owner-occupancy and investment purposes, with opportunities for diverse tenant mixes. The property's prime Sarasota location near Siesta Key ensures high visibility and accessibility.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $780,000
- 6.5%
- $720,000
- 7%
- $670,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $929,000
- AI Estimate
- $759,000
Market price range: $776k - $1.52MMarket price range: $481k - $1.10M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $935,000 Current use
- AUTO REPAIR, GARAGE
- $1,325,000 Change: +41% Conversion: Difficult
- MEDICAL BUILDING
- $1,200,000 Change: +28% Conversion: Easy
- RETAIL STORES
- $1,050,000 Change: +12% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Sarasota
- State
- Florida
- Longitude
- -82.5292
- Latitude
- 27.2696
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA