6230 University PkwySarasota, FL 34240

Property Details for 6230 University Pkwy

Year built

2008

Construction

TYPE NOT SPECIFIED

Lot size

2.55 AC

Property size (Sq ft)

35,057 SF

Zone code

PD-MU

Property type

Office buildings

APN

5879.1185-0

APU

587911850

Description

This exceptional three-story medical office building, totaling 36,945 square feet, presents a unique investment opportunity in Sarasota, Florida. Located at 6230 University Parkway, this property boasts a highly desirable location with direct frontage to University Parkway, offering unparalleled visibility and accessibility. The building, constructed in 2008, is zoned PDMU and sits on a 2.55-acre lot, less than half a mile from I-75, placing it at the gateway to Lakewood Ranch and within a thriving commercial and residential area. Multiple suites are available, ranging from a minimum of 3,977 square feet to a maximum contiguous space of 9,696 square feet. Currently, 18,615 square feet of space is vacant, offering flexibility for various medical and professional practices. The efficient design of the suites optimizes space for a variety of uses. This property is ideal for businesses seeking a prominent location with excellent visibility and convenient access to major transportation routes. The building's strategic location within a high-traffic area ensures significant exposure to potential clients and patients. The available space is perfect for expanding or relocating a medical practice or other professional business. This is an exceptional opportunity to secure a prime location in a rapidly growing area of Sarasota.

• CAP approach

  CAP return

  Valuation

  6%

  $9,299,225

  6.5%

  $8,583,900

  7%

  $7,970,764

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,032,770

  Geo Method

  $6,402,460

• Alternative Use

  Use

  Valuation

  Residential

  $10,644,036

  Hospitality

  $9,749,880

  Educational

  $8,111,786

  Medical

  $8,390,762

  Retail

  $12,618,333

Location Insight

City

Sarasota

County

Manatee

State

Florida

Latitude

27.3871

Longitude

-82.4396

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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