1491 2Nd StSarasota, FL 34236

Property Details for 1491 2Nd St

Year built

1982

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.12 AC

Property size (Sq ft)

2,914 SF

Zone code

DTC

Property type

Office buildings

APN

2026-14-0062

APU

2026140062

Description

This exceptional 1,423 square foot office space is located on the second floor of a two-story building at 1491 2nd Street, Sarasota, FL 34236. The property boasts a highly desirable downtown Sarasota location, offering unparalleled convenience and visibility. Situated directly across from Whole Foods and adjacent to Kahwa Coffee, this space benefits from high foot traffic and a vibrant surrounding environment. The building itself offers a total of 5,815 square feet, with ample parking provided in a private lot located at the rear of the building. The space is classified as both Traditional and Creative Office, making it suitable for a variety of businesses. The building does not have an elevator. Signage is available on the building's exterior wall facing Lemon Street, providing excellent branding opportunities. The property is a single-tenant space, offering privacy and control. There are a total of 20 parking spaces available for the building. This is a fantastic opportunity to establish a presence in a thriving downtown Sarasota location. The property is easily accessible and offers a blend of traditional and modern office features. The address is 1491 2nd Street, Sarasota, Florida, 34236.

• CAP approach

  CAP return

  Valuation

  6%

  $772,968

  6.5%

  $713,509

  7%

  $662,544

• Comparable approach

  Method

  Valuation

  Relative Method

  $584,576

  Geo Method

  $532,184

• Alternative Use

  Use

  Valuation

  Residential

  $884,751

  Hospitality

  $810,427

  Educational

  $674,266

  Medical

  $697,455

  Retail

  $1,048,858

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3383

Longitude

-82.5408

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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