1 School AveSarasota, FL 34237

Property Details for 1 School Ave

Year built

2000

Lot size

2.04 AC

Property size (Sq ft)

88,178 SF

Zone code

CG; DTC

Property type

Healthcare properties

Property subtype

Medical offices

APN

2029-03-0069

APU

2029030069

Description

Kane Plaza, a prestigious 10-story Class A office tower in Downtown Sarasota, offers exceptional office and medical suites. Located at the Main Street and South School Avenue roundabout, this building boasts spectacular city views down Main Street. The beautifully updated lobby features a modern design and abundant natural light, extending throughout the common areas and individual suites. Five spaces are currently available, ranging from 1,298 to 8,976 square feet, making it suitable for various professional needs, including physicians and attorneys. The building provides easy access to I-75 and the Downtown core, with ample parking in an adjacent 4-story garage and 3 surface lots. Excellent visibility is ensured by monument signage on Main Street and additional signage facing Fruitville Road. The meticulously maintained landscaping and convenient location make Kane Plaza an ideal choice for businesses seeking prime office space in a thriving downtown setting. The building's multiple tenancy structure offers flexibility for businesses of all sizes. Located in Sarasota County, this property offers a blend of modern amenities and a convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $23,390,110

  6.5%

  $21,590,870

  7%

  $20,048,666

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,689,352

  Geo Method

  $16,103,948

• Alternative Use

  Use

  Valuation

  Residential

  $26,772,680

  Hospitality

  $24,523,630

  Educational

  $20,403,372

  Medical

  $21,105,076

  Retail

  $31,738,580

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3367

Longitude

-82.5258

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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