3231 Gulf Gate Drive, Sarasota, FL

Office for Sale - $1,995,000 - 13,200 Sq. Ft. on 0.9 acres

Agent Info

Terry Eastman
Coldwell Banker Realty

Property Info

  3231 Gulf Gate Drive
  Sarasota FL 34239
UpdatedAugust 19th, 2021
Building13,200 Sq. Ft.
Land0.9 acres


Property Description

Ideal location for Owner/User with Medical long term tenants in place. Value added 13,120 SF two story medical office building surrounded by mid to high end residential properties. Located in the Gulf Gate area just south of Clark Rd one block west of Beneva Rd in the Palmer Ranch area with great signage. This is an ideal Owner/User property with additional income potential. There were 10 units when the building was originally designed but have been reconfigured to suit the existing tenants. Six Tenants are in place currently with three longer term leases but the majority are on month to month. It is possible to have the full second floor of 6,600 SF of available space for an Owner/User. Great Medical or general office use close to the Gulf Gate amenities of dining and shopping. Building has been well maintained and has great street appeal. 62 parking spots available. Cap rate currently at 3.6%. Increase month to month tenants rents to allow for value added opportunity.

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