- For Sale $3,350,000
- Property Type Office - Medical Office
- Property Size 7,829 SF
- Units 2
- Lot Size 0.88 Acre
- Property Tenancy Multi-Tenant
- Building Class A
- Year Built 1981
- Year Renovated 2021
- Date Updated May 18, 2026
Description
Discover the vibrant surroundings of the property in Sarasota, FL. Situated in a thriving area, this location offers convenient access to world-class cultural attractions, exquisite dining experiences, and stunning waterfront views. Just moments away, the bustling downtown district provides a dynamic mix of shops and entertainment venues, while the picturesque Sarasota Bay offers a tranquil escape for daily strolls. Nearby, the Ringling Museum of Art, Marina Jack, and iconic St. Armands Circle present endless opportunities for recreation and leisure. With a perfect blend of business and pleasure, the area surrounding the property in Sarasota is an ideal destination for discerning office investors and tenants seeking a dynamic and inspired work-life balance.Nestled in the prime Sarasota area, this impeccably renovated 7,829 SF building presents a turnkey investment opportunity. Boasting high-end interior finishes, the property features a versatile layout with 14 fully-equipped exam rooms, an updated X-ray room, seven private staff offices, a spacious gym and PT area, and a gorgeous waiting area with dual reception desks. With hurricane-proof construction for added safety and a 100% occupancy rate, this property offers a strong investment potential in a dynamic market. Leased by two medical professionals on a five-year triple net lease at a lease rate of $30/ft triple net, it's a secure and attractive opportunity not to be missed.
Highlights
- 7.01% CAP rate/$234,870 yearly income with increases
- Available for both an owner user or 1031 investment
- Excellent 1031 or Passive Income Opportunity
- Five year term at market rate
- Long Standing Sarasota Medical Tenants
- Near SMH and Downtown Sarasota
- Triple Net Medical Sale Lease Back
False
Contacts
David Carlson
SVN | Commercial Partners
Location
Located at 1630 S Tuttle Ave, Sarasota, FL 34239, this property is part of the Arlington Park neighborhood and Southwest Florida Coast market.
Contact Listing Broker
David Carlson
SVN | Commercial Partners