1800 Tuttle AveSarasota, FL 34239

Property Details for 1800 Tuttle Ave

Year built

1973

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.37 AC

Property size (Sq ft)

2,444 SF

Zone code

OPB

Property type

Office properties

Property subtype

Office buildings

APN

2035-16-0001

APU

2035160001

Description

This exceptional 2,444-square-foot office building, located at 1800 S Tuttle Ave in Sarasota, Florida (zip code 34239), presents a unique investment opportunity. The property is a single-story, Class B building, zoned OPB, and features two distinct suites, each offering a high degree of functionality. Suite 1800, encompassing 1,222 square feet, previously housed a physical therapy office and cryotherapy center. This suite boasts a spacious open reception area, four private treatment rooms, a private office with its own restroom, and a convenient kitchen break area. Suite 1810, mirroring the size of Suite 1800 at 1,222 square feet, also served as a physical therapy office. It includes a large open reception area, three private treatment rooms, a kitchen and break room, a private office, and a bathroom. The building's layout allows for natural separation between the two suites, providing flexibility for various business needs. The asking price for this property is $965,000. Estimated operating expenses are $13.66 per square foot. This property is available immediately for sale. The property is situated in Sarasota County, Florida.

• CAP approach

  CAP return

  Valuation

  6%

  $648,296

  6.5%

  $598,427

  7%

  $555,682

• Comparable approach

  Method

  Valuation

  Relative Method

  $490,290

  Geo Method

  $446,348

• Alternative Use

  Use

  Valuation

  Residential

  $742,049

  Hospitality

  $679,713

  Educational

  $565,513

  Medical

  $584,962

  Retail

  $879,688

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3169

Longitude

-82.5144

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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