501 Interstate CtSarasota, FL 34240

  • Industrial properties
  • 9,000 SF
For Sale
$1,935,000 View listing

Property Details for 501 Interstate Ct

Year built
1986
Lot size
0.60 AC
Property size (Sq ft)
9,000 SF
Zone code
ILW
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
0216-05-0009
APU
216050009

Description

This exceptional freestanding industrial building, located at 501 Interstate Court in Sarasota, Florida, presents a unique investment opportunity. Boasting a total of 9,000 square feet, the property is ideally suited for a variety of uses thanks to its flexible layout and ILW zoning (Industrial Light and Warehousing). Currently configured as two separate units—one 4,000 square feet and the other 5,000 square feet—this allows for diverse occupancy options, whether owner-occupancy or leasing to multiple tenants. The building features eleven offices, a conference room, and a break room, providing ample space for administrative functions. One bay boasts a generous 16-foot ceiling height, ideal for storage or light manufacturing. Ample parking is available with twenty spaces provided on-site. The property is situated in Sarasota County, Florida, with the address being 501 Interstate Ct, Sarasota, FL 34240. The building benefits from 200 Amps of three-phase power, ensuring sufficient electrical capacity for most business needs. The asking price for this well-maintained property is $1,935,000. The APN is 0216050009. This is a rare opportunity to acquire a versatile and well-equipped industrial property in a thriving Sarasota location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,732,588
    Hospitality
    $2,503,036
    Educational
    $2,082,496
    Medical
    $2,154,116
    Retail
    $3,239,438
501 Interstate Ct, Sarasota, Florida

Location Insight

City
Sarasota
County
Sarasota
State
Florida
Latitude
27.3322
Longitude
-82.4445
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
$9,961
$279,100
$379,700
$658,800
-
$279,100
$379,700
$658,800

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