1,050 SqFt
1,050 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 1,050 sqft
Price per Sqft $347
Subdivision Franklin Field Bus Center
MLS Listing ID A4691309
Condo Fees $2,454
HOA Y/N No
Annual Recurring Fee 9816.0
Year Built 2007
Annual Tax Amount $3,685
Property Sub-Type Office
Source Stellar MLS
Property Description
Income-producing professional office condominium in a desirable Sarasota location just minutes from Downtown. This approximately 1,050± SF end-cap unit is fully leased at $2,950/month ($35,400 annual gross rent) with a brand-new 2-year lease, providing immediate cash flow and income from day one.
The office features three private offices, reception/waiting area, kitchenette, private restroom, storage/IT room, and front and rear entrances. End-cap location provides additional windows, natural light, visibility, and accessibility.
Quarterly condo dues are $1,227. Association approval and first right of refusal apply.
A second end-cap office condo in the same building is also available, providing an opportunity to acquire multiple income-producing commercial units within one professional complex.
Ideal for investors seeking Sarasota commercial real estate, leased office space, passive income, cash-flowing property, or a 1031 exchange opportunity.
Buyer to independently verify lease terms, income, expenses, measurements, zoning, permitted uses, condominium documents, fees, and restrictions.
Location
State FL
County Sarasota
Community Franklin Field Bus Center
Area 34237 - Sarasota
Zoning OCD
Interior
Cooling Central Air
Exterior
View Y/N No
Water Access No
Building
Foundation Slab
Lot Size Range Non-Applicable
Structure Type Block
New Construction false
Others
Ownership Condominium
Monthly Total Fees $818
Acceptable Financing Cash, Commercial Financing
Listing Terms Cash, Commercial Financing
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4691309
Nearby Locations
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