220 Tuttle AveSarasota, FL 34237

Property Details for 220 Tuttle Ave

Year built

1958

Construction

FRAME

Lot size

0.24 AC

Property size (Sq ft)

1,571 SF

Zone code

OPB

Property type

Office properties

Property subtype

Office buildings

APN

2030-13-0108

APU

2030130108

Description

This exceptional 1,571 square foot office building is ideally situated in downtown Sarasota, offering unparalleled visibility from the corner of Fruitville and Tuttle Avenues. The solid brick construction ensures durability and a professional aesthetic. The property boasts six private examination rooms fully equipped for medical use, making it perfect for a variety of healthcare practices. A spacious reception area, common area, and utility room provide ample functionality. Two updated bathrooms cater to both staff and clients. The ground-level access ensures convenient entry for all. Ample parking is a significant advantage, with 15 spaces available, including a covered area. The building features prominent signage visible from Fruitville Road, enhancing visibility and attracting potential clients. Interior finishes are high-quality, including custom tiled walls and floors. Recent renovations encompass a new roof, updated electrical and plumbing systems, fresh paint, new sheetrock, replacement windows, and upgraded lighting fixtures, ensuring the building is in excellent condition. The 0.24-acre lot provides ample space for parking and potential future expansion. This turnkey property presents a rare opportunity to acquire a well-maintained, highly visible medical office building in a thriving Sarasota location. The combination of location, amenities, and recent upgrades makes this an exceptional investment.

• CAP approach

  CAP return

  Valuation

  6%

  $416,724

  6.5%

  $384,668

  7%

  $357,192

• Comparable approach

  Method

  Valuation

  Relative Method

  $315,158

  Geo Method

  $286,912

• Alternative Use

  Use

  Valuation

  Residential

  $476,988

  Hospitality

  $436,919

  Educational

  $363,511

  Medical

  $376,013

  Retail

  $565,462

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3385

Longitude

-82.5137

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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