7349 Merchant CtSarasota, FL 34240

Property Details for 7349 Merchant Ct

Year built

2001

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.34 AC

Property size (Sq ft)

11,314 SF

Zone code

PCD

Property type

Office buildings

APN

0187-07-0003

APU

187070003

Description

This exceptional 12,187-square-foot Class A freestanding office/medical building in Sarasota's prestigious Lakewood Ranch Corporate Park presents a rare opportunity. Built in 2001 and extensively renovated in 2023, the property boasts a modern design and high-quality finishes throughout. The two-story building features numerous private offices or exam rooms, ample conference rooms, a substantial server room, a dedicated training area, a convenient breakroom/kitchen, and open workspaces. Both floors are fully sprinklered, and a climate-controlled second-floor storage area adds significant utility. The property includes 58 parking spaces and a prominent monument sign. Exterior enhancements include fresh paint and updated landscaping. Interior upgrades encompass flooring and ceiling improvements. The building's zoning is PCD. Its location offers unparalleled convenience, situated minutes from I-75 and the vibrant amenities of Lakewood Ranch, including the Waterside development and the nearby Center Point complex, which comprises a large medical office building, hotel, retail spaces, and a grocery store. The property sits on a 1.34-acre lot (APN: 0187070003, Sarasota County). The 5-mile trade area boasts a substantial population (105,578) and high average household income ($120,610). Common area maintenance (CAM) is approximately $3.94 per square foot, encompassing property insurance, management fees, and property taxes (subject to change). This property is ideal for a corporate office, call center, or medical practice.

• CAP approach

  CAP return

  Valuation

  6%

  $3,001,153

  6.5%

  $2,770,296

  7%

  $2,572,417

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,269,697

  Geo Method

  $2,066,276

• Alternative Use

  Use

  Valuation

  Residential

  $3,435,166

  Hospitality

  $3,146,594

  Educational

  $2,617,929

  Medical

  $2,707,964

  Retail

  $4,072,334

Location Insight

City

Lakewood Ranch

County

Sarasota

State

Florida

Latitude

27.3835

Longitude

-82.422

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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