941-724-2321
1962 Main St, Sarasota, FL for Sale
Office - FOR SALE
1/20
null | Request Cap Rate

NEW


1962 Main St
Sarasota, FL 34236
Downtown Sarasota


OVERVIEW

The Archibald Building at 1962 Main Street is one of Downtown Sarasota's most storied and recognizable commercial landmarks — a fully restored, four-story, 19,002 square foot historic building constructed in 1925 and offered for sale at with an established tenant base already in place. Named for Ira G. Archibald, one of Sarasota's founding commercial pioneers, the building has anchored the city's most prominent street for one hundred years. Its comprehensive restoration — guided by an original 1925 Sarasota Times photograph — returned the building to its founding character: original hardwood floors, exposed brick walls, open industrial ceilings, floor-to-ceiling Main Street windows, and the iconic original parapet lettering, discovered intact during reconstruction and proudly reinstated on the building's facade. Positioned directly across from the Sarasota County Courthouse, Hollywood 20 Theater, and the new mixed-use development Aster & Links in the heart of the downtown core. Sarasota's downtown office vacancy sits at just 4.9%, and the building's occupancy delivers immediate, in-place income with the remaining vacancy representing a straightforward lease-up opportunity in one of Florida's tightest commercial markets. For an investor seeking a landmark asset, or an owner-user who wants a headquarters address that no new construction can replicate, the Archibald Building is a once-in-a-generation opportunity at the center of Downtown Sarasota.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Archibald Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

DTC

APN/PARCEL ID

2027-01-0086

ASK ABOUT THIS PROPERTY

Kevin RobbinsHarry E. Robbins Associates, Inc.More Info
941-724-2321

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Kevin RobbinsHarry E. Robbins Associates, Inc.More Info
941-724-2321

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