Sugar Suites
$1,995,000
1717 2nd Street Sarasota, FL 34236
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About this listing
"Sugar Suites" at 1717 2nd Street, Sarasota, FL! This recently renovated office space is centrally located in the heart of downtown Sarasota, making it the perfect place for small professional tenants like law offices, accounting firms, architects, and more. The suites offering a range of approximately 837 thru 1674 square foot units of prime, move-in ready space, complete with new carpeting, one with brick accent interior walls, bright LED lighting, and modern fixtures.
Conveniently situated across from the Sarasota Memorial Hospital Administrative Headquarters, Sugar Suites offers easy access to amenities and professional networking opportunities. Plus, two assigned parking spaces on-site ensure hassle-free commuting for you and your staff.
The building is ideal for various business types, including law offices, accounting firms, architects, and sales professionals.
The interior features new carpeting, brick accent walls, bright LED lighting, and energy-efficient HVAC system, creating a modern and comfortable atmosphere for your team and clients.
Hurry, this Excellent Investment Opportunity won't Last!
SUGAR SUITES DOWNTOWN with DTC Zoning for Future Development potential.
8 Unit Office Building with at or just below market rents. Lease Terms for most tenants are 3 years.
Pro-forma numbers based on 100% Occupancy and Fair Market Lease rate for the currently vacant space.
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Cap Rate
5.5%
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NOI
$130,572
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Building Size
6,696 sqft
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Lot Area
0.23 acres
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Units
8
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Year Built
1984
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Zoning
DTC
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Floors
2
DESCRIPTION
- • Tax Roll Number: 2026 15 0076
- • Annual Tax: $ 21178.18
- • Available Floors: 2
- • Average Floor Size: 3348.0
- • Average Occupancy Rate: 90.0
- • Gross Income: $ 170567.78
- • Max Contiguous Area: 6696.0
- • Min Divisible Area: 847.0
- • Age: 31-40 Years Old
- • Cooling: Central A/C - Electric
- • General: Fire Alarms
- • Lot Size: Under 1/2 Acre
- • Sewer: City
- • Water: City Water
