Property Details
Property Details
- Sale Price Dollars: $3,950,000
- Year Built: 1969
- Property SubType: Office
- Building Class: C
- Square Feet: 5,190
- Sale Pdf Url: https://buildout.com/docs/documents/4314043?mtime=1787066210&token=4cac99465bc14b4ce84befcc17ef4fc32d73843c
Building
- Stories: 3
- Zoning: DTC
Location
- Town: Sarasota
- County: Sarasota
- State: FL
- Zip: 34236
Community
Property Description
- Description: 1551 2nd St is offered at $3,950,000, a fully renovated three-story office building right in the heart of Sarasota's Downtown Core. Since 2023, the building has been rebuilt from the ground up - new roof, all-new HVAC and electrical systems, epoxy-finished floors, fresh stucco walls and ceilings, a code-compliant fire alarm system, energy-efficient LED lighting throughout, and updated restrooms, ceilings, and hardware. The location puts tenants and owners within walking distance of Main Street's shops and restaurants, the Sarasota Opera House, Marie Selby Gardens, and the bayfront, in a district that continues to draw new investment and foot traffic making it a prime office location. The building's layout works well as a single company's headquarters, giving one business a full three floors of move-in-ready space in a prime downtown address, or it can serve an owner-user who occupies one floor and leases the remaining two as a source of income - flexibility that makes the property a strong fit for a range of buyers. The building is also available for lease at $32/SF NNN with an estimated $9.45/SF in Operating Expenses.
Other Details
Location Description
- Location Description: 1551 2nd St sits in Sarasota's Downtown Core (DTC) zoning district, one block off Main Street in the heart of downtown. The area blends historic character with active redevelopment - it's a walkable setting where people can frequent nearby restaurants and boutiques. The immediate 2nd Street corridor has seen significant investment, including new luxury residential and mixed-use projects nearby, reinforcing downtown Sarasota's continued growth as a walkable, amenity-rich business district. Around the corner from Whole Foods and down the road from Sprouts, along with a wide variety of other restaurants and retail accommodations, this is a great location for an office headquarter.
Finance
Highlights
- Sale Bullets: 3-story office building, 6, 470 sq ft gross / 5, 190 sq ft living area, Built 1969, Fully renovated 2024: new roof, all-new HVAC, complete electrical rewire, epoxy-finished slab, new sand-finish stucco interior walls/ceilings, Code-compliant fire alarm system