505 S Orange Ave #1c
$1,250,000, 3,863 Sqft .04 Acres
About This Property
Situated in the center of bustling Downtown Sarasota, this fully leased 6+CAP two story office has a bonus feature of 14 private garage parking spaces. With a 10 year lease in place with 8 years remaining, including escalators, this is a great opportunity to buy now and secure income while watching the city grow around your investment. Located in the heart of the highly sought after Burns Court neighborhood of downtown, this office building has many desirable features including; dual entrances, large kitchenette, 3 ADA compliant bathrooms, multiple conference rooms, 2nd floor access via stairs or elevator, 2 large bull pen areas, large offices, lots of windows, high ceilings and walking distance to several downtown eateries. The beautiful Burns Court neighborhood is peaceful and walkable to everything. With two separate PID#’s there is the future potential to occupy one space for yourself and lease the other to offset the carry costs and even generate some income. The private 14 garage parking spaces are a rare find in Sarasota office space. Perfect opportunity for your 1031. *Included in the sale are both PID#’s 2027104001 and 2027104002.
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Listing data comes from My Florida Regional MLS.
Listing information last updated on December 14th, 2019 at 3:45pm CST.