2970 University PkwySarasota, FL 34243

Property Details for 2970 University Pkwy

Year built

2008

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.90 AC

Property size (Sq ft)

23,140 SF

Zone code

OPI

Property type

Office properties

Property subtype

Office buildings

APN

0020-04-0006

APU

20040006

Description

This exceptional sublease opportunity presents 795 square feet of Class A office space located at 2970 University Parkway, Sarasota, Florida 34243. Situated on the second floor of a two-story, 23,140 square foot building constructed in 2008 and renovated in 2013, this space is ideally suited for businesses focused on childcare and family services. The suite features four private offices and a shared entrance, fostering a collaborative environment. This space shares the building with an established childcare learning center, presenting potential for synergistic partnerships and shared client benefits. The building is zoned OPI and has a Sarasota County APN of 0020040006. Larger spaces, ranging up to 4,350 square feet, may also be available within the building. This is a multiple-tenancy building. The property is conveniently located on University Parkway in Sarasota County. The available space is perfect for a variety of businesses including, but not limited to, parent resource centers, family-focused non-profits, pediatric therapy providers, homeschool offices, and other child-focused services. This is a fantastic opportunity to establish a presence in a thriving Sarasota community.

• CAP approach

  CAP return

  Valuation

  6%

  $6,691,750

  6.5%

  $6,177,000

  7%

  $5,735,786

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,609,215

  Geo Method

  $4,226,058

• Alternative Use

  Use

  Valuation

  Residential

  $7,659,480

  Hospitality

  $7,016,042

  Educational

  $5,837,265

  Medical

  $6,038,018

  Retail

  $9,080,190

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3882

Longitude

-82.5103

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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