1990 Main StSarasota, FL 34236

  • Office properties
  • 22,500 SF
For Lease
$33/SF/YR View listing

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
1990 Main St, Sarasota, Florida

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

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
$427,278
$4,979,500
$25,954,800
$30,934,300
-
$4,979,500
$25,954,800
$30,934,300

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