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2118 Constitution Blvd

Sarasota, FL



Total Size
2,116 sqft 
Year Constructed
Year Renovated
Building Class

About 2118 Constitution Blvd

Office building currently leased to a dentist. There is also a small apartment in the rear of the building currently rented for $450.00 per month. Rent for main building is $2,410 per month increasing to $2,460 June of 2015. Current tenant is an active dentist in his 4th year of the lease. He has 2 years remaining and a 4 years option to renew. Tenant has right of first refusal but has turned down the current owners offer to sell. Tenant pays Taxes, Insurance and most operating expenses. Location is within the Phillippi Creek Septic Sewer Replacement program. At this time the owner is paying the water bill but no other operating expenses thus the annual NOI is slightly under $34,320.* Thus the Cap Rate is 10.5% * includes apartment at $450 per month.

Internet Providers for 2118 Constitution Blvd

Provider Technology Max Download Speed Max Upload Speed
Verizon Online Fiber
1 Gb/s
25 Mb/s
Comcast Cable
1 Gb/s
25 Mb/s