1990 Main StSarasota, FL 34236
- Office properties
- 22,500 SF
Property Details for 1990 Main St
- Year built
- 1926
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.11 AC
- Property size (Sq ft)
- 22,500 SF
- Zone code
- DTC
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 2027-01-0084
- APU
- 2027010084
Description
Courthouse Centre, located at 1990 Main Street in Sarasota, Florida 34236, offers a prime leasing opportunity. This Class A office building, constructed in 2004, boasts 93,756 square feet of space and currently has 33,185 contiguous square feet available for lease on the 8th floor. The space is highly adaptable and can be subdivided to accommodate tenants' specific needs, with a minimum leasable area of 3,000 square feet. The building's strategic downtown location at the busy intersection of US-301 and Ringling Boulevard provides excellent visibility and accessibility. Ample parking is available with a generous 3:1000 ratio included in the rent, and an overall ratio of approximately 4.2:1000. The property also offers unique branding opportunities with naming rights on the top floor exterior. The building is suitable for traditional office, executive office, and medical office uses. This is a rare opportunity to secure a highly visible and adaptable space in a thriving Sarasota location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $5,968,354
- 6.5%
- $5,509,250
- 7%
- $5,115,732
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,513,716
- Geo Method
- $4,109,175
-
Alternative Use
- Use
- Valuation
- Residential
- $6,831,469
- Hospitality
- $6,257,589
- Educational
- $5,206,240
- Medical
- $5,385,291
- Retail
- $8,098,596
Location Insight
- City
- Sarasota
- County
- Sarasota
- State
- Florida
- Latitude
- 27.336
- Longitude
- -82.5315
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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