1501 Laurel StSarasota, FL 34236

Property Details for 1501 Laurel St

Year built

1971

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.17 AC

Property size (Sq ft)

1,424 SF

Zone code

DTC

Property type

Medical offices

Property subtype

Medical centers

APN

2027-11-0036

APU

2027110036

Description

This exceptional 665-square-foot office space is situated on the second floor of a two-story, 2,624-square-foot building located at 1501 Laurel St, Sarasota, FL 34236, in Sarasota County. The building, constructed in 1971 and renovated in 1985, offers a traditional office setting ideal for a variety of businesses. The space is part of a multi-tenant building, classified as Class C. The property boasts a highly desirable downtown location, directly across from the Burns Court Historic District. Enjoy unparalleled convenience with easy access to numerous amenities, including Owen’s Fish Camp, Burns Court Cinema, and The Fountain Kitchen & Wine Bar, all within walking distance. While the building does not include elevators, it offers three convenient parking spaces for tenants and visitors. This presents a unique opportunity to establish a presence in a vibrant and thriving area of Sarasota. The available space is ready for immediate occupancy and offers a fantastic blend of location, accessibility, and character. This is a rare opportunity to secure office space in a highly sought-after downtown Sarasota location.

• CAP approach

  CAP return

  Valuation

  6%

  $377,730

  6.5%

  $348,674

  7%

  $323,769

• Comparable approach

  Method

  Valuation

  Relative Method

  $285,668

  Geo Method

  $260,065

• Alternative Use

  Use

  Valuation

  Residential

  $432,356

  Hospitality

  $396,036

  Educational

  $329,497

  Medical

  $340,829

  Retail

  $512,551

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3327

Longitude

-82.5393

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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