Center Pointe, a landmark Class A office building in downtown Sarasota, offers multiple suites for lease. Strategically located adjacent to the courthouse, this iconic building boasts a striking four-story grand foyer featuring marble floors, elegant furnishings, and a baby grand piano. Floor-to-ceiling windows maximize natural light in each suite. The building provides convenient access to an attached parking garage with a covered walkway. Well-maintained common restrooms are located on each floor. Available spaces range from 208 to 1,788 square feet, offering various floor plans to suit diverse needs. Many suites include reception areas, private offices, conference rooms, open workspaces, and kitchenettes. High-end finishes throughout include upgraded moldings, fixtures, eight-foot doors, and volume ceilings. The building's total area is 187,910 square feet, encompassing numerous suites. The zoning is DTC. Built in 1987, Center Pointe represents a prime opportunity for businesses seeking a prestigious and functional office space in the heart of Sarasota's vibrant downtown. The building's prominent Main Street location ensures high visibility and accessibility.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$26,603,470
6.5%
$24,557,050
7%
$22,802,976
Comparable approach
Method
Valuation
Relative Method
$20,119,538
Geo Method
$18,316,328
Alternative Use
Use
Valuation
Residential
$30,450,742
Hospitality
$27,892,716
Educational
$23,206,412
Medical
$24,004,516
Retail
$36,098,864
Location Insight
City
Sarasota
County
Sarasota
State
Florida
Latitude
27.337
Longitude
-82.5298
CBSA code
35840
CBSA name
NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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