1605 Main StSarasota, FL 34236

Property Details for 1605 Main St

Year built

1969

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.76 AC

Property size (Sq ft)

142,522 SF

Zone code

DTC

Property type

Office properties

Property subtype

Office buildings

APN

2027-02-0021

APU

2027020021

Description

This exceptional 5,675 square foot creative office suite is available for sublease on the third floor of a thirteen-story building located at 1605 Main Street in Sarasota, Florida, zip code 34236. The property is a single-tenant space within a Class B building constructed in 1969. The building itself consists of one structure with thirteen stories. The suite offers a flexible layout ideal for a variety of creative businesses. Its prime location in Sarasota provides easy access to major roadways, amenities, and a vibrant urban environment. This sublease presents a unique opportunity to secure high-quality office space in a desirable location at a potentially advantageous rate. The property type is officially classified as an office, and the specific subtype is creative office. The building's total square footage is not currently available. This single-tenant space is situated in a well-established building, offering a blend of character and modern functionality. Interested parties are encouraged to inquire for further details and to schedule a viewing. The latitude and longitude coordinates for the property are 27.3331293 and -82.5456374 respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $37,805,408

  6.5%

  $34,897,300

  7%

  $32,404,634

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,591,280

  Geo Method

  $26,028,792

• Alternative Use

  Use

  Valuation

  Residential

  $43,272,652

  Hospitality

  $39,637,516

  Educational

  $32,977,948

  Medical

  $34,112,108

  Retail

  $51,299,028

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3378

Longitude

-82.5377

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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