1800 2Nd StSarasota, FL 34236

Property Details for 1800 2Nd St

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.65 AC

Property size (Sq ft)

263,950 SF

Zone code

DTC

Property type

Office properties

Property subtype

Office buildings

APN

2026-16-0065

APU

2026160065

Description

This iconic, nine-story, Class A office building in downtown Sarasota offers 23 available suites ranging from 616 to 30,545 square feet. Located in the heart of the city, this landmark property boasts two lush, open-air atriums connecting two towers via a recently renovated elevator core with floor-to-ceiling windows offering breathtaking views. Two on-site parking garages (floors 2-6 of each tower) provide convenient parking for tenants, clients, and employees. The building's prime location places it within easy walking distance of the Sarasota County courthouse, financial institutions, and numerous restaurants. On-site amenities include a new fitness center and professional property management. Each suite features high-end finishes, its own interior restrooms, multiple windows providing abundant natural light, and spectacular views of downtown Sarasota and Sarasota Bay. The building is zoned DTC and features 500 total parking spaces. Built in 1986, this exceptional property offers a variety of floor plans to suit diverse business needs. The building's unique landscaped courtyards provide a beautiful and welcoming entrance to the office suites. This is a truly exceptional opportunity to secure prestigious office space in one of Sarasota's most desirable locations.

• CAP approach

  CAP return

  Valuation

  6%

  $70,015,416

  6.5%

  $64,629,616

  7%

  $60,013,216

• Comparable approach

  Method

  Valuation

  Relative Method

  $52,950,900

  Geo Method

  $48,205,188

• Alternative Use

  Use

  Valuation

  Residential

  $80,140,720

  Hospitality

  $73,408,472

  Educational

  $61,074,988

  Medical

  $63,175,448

  Retail

  $95,005,536

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3378

Longitude

-82.5338

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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