1551 2nd St - Office FOR SALE


Sarasota, FL 34236- Downtown Sarasota
$3,950,000 USD
941-323-0060
1551 2nd St, Sarasota, FL for Sale
$3,950,000 USD
Office - FOR SALE
1/15
null | Request Cap Rate

1551 2nd St
Sarasota, FL 34236
Downtown Sarasota


HIGHLIGHTS

  • Downtown Sarasota (DTC Zoned) location near business, dining, and waterfront destinations
  • 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 (annunciators, strobes, EPS monitoring) and powder-coated metal stairway railings
  • Energy-efficient LED lighting throughout (occupancy-sensor common areas, stairwells, exterior)
  • 17 on-site parking spaces, 10,500 sq ft lot
  • Available for lease or sale

OVERVIEW

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. 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.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$761 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

DTC

APN/PARCEL ID

2026-14-0095

ASK ABOUT THIS PROPERTY

Lee DeLieto Jr.MSC CommercialMore Info
941-323-0060

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Lee DeLieto Jr.MSC CommercialMore Info
941-323-0060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.