Waterfront Office Building For Sale

Office for Sale
Sale Pending
Catylist Listing ID: 30474946
Property Subtypes: Office Building
Status: Pending
Condo? Yes
Building Size (RSF): 9,307 SF
Sale Price: $2,050,000
Property Use Type: Vacant/Owner-User
Building Name: Office Building on Sarasota Bay
Class of Space: Class A
Usable Size (USF): 8,246 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/7/2019

Overview / Comments

Now offered for sale - this is a fully functional 8,246 SF two-story office building (condominium) in a unique waterfront location within one of the most desirable trade markets in Florida. The three building Sailboat Square office complex has ample parking and is in good repair. This specific building is the only one with direct water frontage on Sarasota Bay overlooking downtown Sarasota and includes two boat slips.
The building includes a commercial elevator which brings visitors from the covered grade-level entry up to the two levels of executive office space overlooking the waterfront. Renovation was begun on the building and must be completed by the new owner.

The property is being offered for sale by a Federal Court-appointed Receiver.
Any sale is expressly subject to Court Approval as well as the conditions of the controlling documents of the Sailboat Square Condominium.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County and the Town of Longboat Key
Tax ID/APN: 0012043003
Is Condo?: Yes
Zoning: OI - OFFICE INSTITUTIONAL
Legal Description: Unit 3, Sailboat Square.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,260 19,546 82,085
Median Age: 70.31 53.35 48.38
Households: 1,260 9,638 37,975

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