23,948 SqFt
23,948 SqFt
Key Details
Property Type Other Types
Sub Type Medical Office
Listing Status Active
Purchase Type For Sale
Square Footage 23,948 sqft
Price per Sqft $263
Subdivision Clark Road Medical Park
MLS Listing ID A4711703
HOA Y/N No
Year Built 2002
Annual Tax Amount $54,643
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Medical Office
Source Stellar MLS
Property Description
Positioned at the center of the complex's L-shaped layout, this two-story building offers convenient access to the portico, providing a sheltered area for patient drop-off and pick-up. The current owners are undertaking strategic capital improvements, including the addition of another elevator at the front of the building to enhance accessibility to the second floor, subdividing spaces to smaller suites to increase optionality, and completing a spec build out of a turn-key medical space.
The first floor features a 7,765-square-foot unit newly built out by Marlowe MD ENT, leased for $186,670 per year, alongside a 3,507-square-foot shell space, offering a combination of existing occupancy income and additional leasing opportunity or owner-user potential. This building offers ample opportunity for spaces to owner-occupy, or to complete leases thereby increasing the value.
The second floor includes a fully built-out former physical therapy/gym space including locker rooms and showers, an approximately 1,825-square-foot space that the owners are in the process of converting to turn-key medical space, professional office space that can be occupied with minimal improvements, and an approximate 2,912-square-foot shell space ready for custom build-out.
With a combination of existing tenancy with income, available shell space for owner-occupancy or adding tenants, and planned capital improvements, this property presents a flexible opportunity for investors seeking additional leasing potential or medical and professional users looking to establish or expand their presence in Sarasota.
Location
State FL
County Sarasota
Community Clark Road Medical Park
Area 34233 - Sarasota
Zoning PCD
Interior
Cooling Central Air
Exterior
View Y/N No
Water Access No
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Structure Type Stucco
New Construction false
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4711703
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