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Downtown Sarasota 2 Story Office Condo!!

$1,429,000

505 S. Orange Ave., Ste.'s C1 & C2, Sarasota, FL 34236

Active
Last Updated: 04/21/2025

3,863 sqft

Building Size

B

Class

Details:
Building Size:    3,863 sqft
Class:    B
Year Built:    2007
Highlights:
  • Ample parking for tenants and visitors!
  • High visibility for business exposure!
  • Proximity to amenities and business services!
  • Prime location in the heart of Sarasota!
Description:

The suite can be purchased as an investment or be delivered VACANT at closing. Presently there is a NNN lease in place until June 30th, 2027 offering a 6% cap rate.

Introducing an exceptional investment opportunity in Sarasota, FL! This two story 3,863 SF office condo is ideally suited for any type of office use. Zoned DTC (Downtown Core), it offers a strategic location in the heart of Sarasota, ensuring high visibility and accessibility. The suite also features 13 covered, secured parking spaces.

With its modern design, prime positioning, and strong market demand, this property is a compelling choice for investors seeking to capitalize on the thriving Sarasota market. Don't miss out on this chance to enhance your investment portfolio with a property that combines contemporary appeal with a highly sought-after location.

Perfectly located between Laurel St. and Oak St. on the east side of S. Orange Ave.

Map:
Documents:
Title
KanayaFloorPlans_GaragePlan.pdf
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505SOrangeFloorPlan.pdf
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Sale Brochure
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505OrangeAveC1C2-SCPA.pdf
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505OrangeAveC1C2-RETaxes2024.pdf
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Today's Available Mortgage Rates

505 S. Orange Ave., Ste.'s C1 & C2, Sarasota, Florida 34236

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/13/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$5,136 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 56% LTV $0 Lender fees
Loan Amount $800,240 Loan Amount
Details
Bank*Lender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$5,107 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $0 Lender fees
Loan Amount $785,950 Loan Amount
Details
Bank*Lender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$5,156 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $0 Lender fees
Loan Amount $785,950 Loan Amount
Details
Speak With a Loan Consultant

CommLoan is providing quotes for information purposes only. For additional information on the largest commercial real estate lending marketplace, visit: www.commloan.com.

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