941-724-2321
2185-2199 Ringling Blvd, Sarasota, FL for Sale
Medical - FOR SALE
1/13
null | Request Cap Rate

2185-2199 Ringling Blvd
Sarasota, FL 34237
Downtown Sarasota


HIGHLIGHTS

  • Downtown Sarasota location along Ringling Boulevard
  • Near the Sarasota County Judicial Center and Payne Park
  • Convenient access to Fruitville Road and regional transportation routes
  • Located within a designated Opportunity Zone

OVERVIEW

Courthouse Square is a rare downtown Sarasota redevelopment site: ±0.78-acre parcel in the city's Downtown Core, positioned to support a substantial vertical, mixed-use project on some of the most permissive zoning remaining in the urban core. A buyer here isn't acquiring an office building so much as controlling a development-ready land position one that happens to generate income while a redevelopment plan comes together. The site sits on Ringling Boulevard, a block from the Legacy Trail's downtown terminus, minutes from Fruitville Road's connection to the regional highway network, and a short walk from the Sarasota County Judicial Center, Payne Park, and the Main Street dining and retail corridor. Few remaining parcels of this scale offer that same combination of civic, recreational, and transportation access — a genuine advantage for whatever gets built next, whether that's residential, hospitality, office, or a blend of all three. Today, the property operates as an eight-unit, ±13,730-square-foot office condominium built in 2005, fully leased to a stable mix of legal, medical, and professional tenants and supported by 44 on-site parking spaces. That existing income is what makes this opportunity work on a developer's terms: it carries the asset through design and entitlement, so the redevelopment can be timed to the market rather than forced by a vacant, non-performing holding.

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

Courthouse Square

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

DTC, Sarasota

APN/PARCEL ID

0000-00-8365

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.