1666 Mound St - Medical FOR SALE


Sarasota, FL 34236- Downtown Sarasota
$1,500,000 USD
941-323-0060
1666 Mound St, Sarasota, FL for Sale
$1,500,000 USD
Medical - FOR SALE
1/59
null | 6.13% Cap Rate

1666 Mound St
Sarasota, FL 34236
Downtown Sarasota


HIGHLIGHTS

  • New 5-Year NNN lease with Pediatrica Health
  • Great location near Downtown core
  • Ample parking on site and great visibility
  • Easily accessible via Mound St. or Hudson Pt. Dr.

OVERVIEW

This 3,920 SF building at 1666 Mound St, Sarasota, FL, 34236 is an enticing prospect for Office / Medical investors, especially with the recent merger of Meyer Pediatrics (the longstanding previous tenant) with Pediatrica Health of Florida, along with the recent signing of a favorable triple-net lease by Pediatrica Health. Built in 1996 and zoned OPB-1, this property offers flexibility and prime positioning in the Downtown area. Designed for a single tenant and with a 100% occupancy rate, it presents a lucrative investment opportunity with immediate income potential. The successful acquisition and the leasing agreement with Pediatrica Health underscore the property's appeal and potential for sustained growth in the dynamic Sarasota market.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$383 USD /SF

CAP RATE

6.13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,034 SF

ZONING

OPB

APN/PARCEL ID

2036-07-0037

ASK ABOUT THIS PROPERTY

Lee DeLieto Jr.Michael Saunders & CompanyMore Info
941-323-0060

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Lee DeLieto Jr.Michael Saunders & CompanyMore Info
941-323-0060

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