$6,300,000

Description

This expansive, nearly 24,000-square-foot two story medical and professional office building is available for sale within Clark Road Medical Park just west of I-75 in South Sarasota. The established medical office complex consists of three buildings within a condominium association and offers ample on-site parking, including numerous handicap-accessible spaces for convenient access by tenants, patients, and visitors. 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.