46 Washington BlvdSarasota, FL 34236

Property Details for 46 Washington Blvd

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

673 SF

Zone code

DTC

Property type

Office properties

Property subtype

Other office properties

APN

2027-01-1025

APU

2027011025

Description

This exceptional two-story executive office suite, totaling 2,132 square feet, presents a unique opportunity in the Sarasota Bradenton North Port market's Tampa St Pete submarket. Located at 46 N Washington Blvd, the property offers a single-tenant occupancy arrangement, ideal for a business seeking a private and well-appointed workspace. The ground floor encompasses 1,270 square feet, featuring a welcoming reception area, a dedicated conference room, two private offices, and a crucial amenity: a private restroom – a rarity in many shared office spaces. Upstairs, an additional 862 square feet provides ample room for expansion, including a full-sized break room, another conference room, a large office space, and a designated cubicle area. The interior stairway connects both floors seamlessly, enhancing the overall functionality and flow of the space. The annual lease rate is $26.00 per square foot (MG). This turnkey solution offers immediate occupancy for a discerning business seeking a prestigious and efficient office environment in a desirable location. The property is ready for immediate move-in.

• CAP approach

  CAP return

  Valuation

  6%

  $178,520

  6.5%

  $164,788

  7%

  $153,017

• Comparable approach

  Method

  Valuation

  Relative Method

  $135,010

  Geo Method

  $122,910

• Alternative Use

  Use

  Valuation

  Residential

  $204,337

  Hospitality

  $187,171

  Educational

  $155,724

  Medical

  $161,080

  Retail

  $242,238

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3373

Longitude

-82.5305

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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