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    240 N Washington Blvd Sarasota, FL 34236
    Property profile & analytics

    240 N Washington Blvd, Sarasota, FL 34236

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    • Office buildings
    • 52,413 SF
    • 0.78 lot acres
    Downtown Sarasota Development Opportunity For Sale
    $10,530,000
    50,459 SF

    Downtown Sarasota Development Opportunity

    Prime downtown corner lot with mixed-use development potential.

    240 N Washington Blvd, Sarasota, FL 34236
    View Listing
    Property ID
    US18-1861380
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    5.2%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Chase Mortgage / Loan Service / Bank
    • MethodFactory - Full-Service Digital Solutions Company / Advertising Agency / Marketing & Advertising
    • Mark Porter, Ed.D., CAP / Physician / Medical Clinic
    • Sylint Group / Business Management Consultant
    • Interactive Computer / Electronics & Wireless Store / Discount Store

    Property Details for 240 N Washington Blvd

    Year built
    1974
    Construction
    FRAME
    Lot size
    0.78 lot acres
    Zone code
    DTC
    Property type
    Office buildings
    APN
    2026-16-0011
    APU
    2026160011

    Description

    This iconic seven-story, 56,000-square-foot office building, located at 240 N Washington Blvd in Sarasota, FL 34236, enjoys a prime location at the entrance to downtown Sarasota, on the corner of US 301 and Fruitville Road. Boasting excellent signage and visibility at a heavily trafficked, lighted intersection, this building offers unparalleled exposure. The property features a mix of office spaces ranging from 325 to 2,883 square feet, catering to various business needs. Thirteen spaces are currently available. The building includes a ground floor occupied by Chase Bank, an indoor atrium spanning floors three through seven, and abundant natural light throughout. Floor plans vary


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $10,715,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $13,585,000
      6.5%
      $12,540,000
      7%
      $11,645,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $8,418,000
      Market price range: $8.42M - $27.2M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5305
    Latitude
    27.3385
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $116,618
    $2,361,400
    $4,698,200
    $7,059,600
    -
    $2,361,400
    $4,698,200
    $7,059,600
    View Listing
    More about this property
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