Commercial Sale Property - Retail in Sarasota
SOLD for $1,300,000 on February 8, 2021
Listing Price: $1,500,000Sold Price: $1,300,000Sold Price/List Price: 87%
Description of Property
This unique and well known Sarasota restaurant property is located on Pineapple Avenue in the Historic Burns Court district of Downtown Sarasota. Burns Court was constructed from 1924 to 1925 by the prominent developer, Owen Burns, with architectural design elements done by Thomas Reed Martin in the Mediterranean Revival Style. The property's most dramatic and appealing feature is the large central courtyard. As the venue's focal point, the restaurant dining areas and support elements have been thoughtfully laid out around the courtyard. The courtyard is now entirely covered by a fixed awning which allows for year round dining in this open air environment. A misting and fan system mounted into the awning keeps things cool during the heat of the summer months. The property has seating for 168 persons allowing for operations under a full liquor license. There are two existing bars as well as two indoor dining rooms making the restaurant ideal for hosting private parties. The courtyard and exterior bar are ideal for live entertainment and dining. The restaurant comes equipped with all of the existing FF&E including hoods, walk-in cooler and courtyard fan/misting system. Permissive Downtown Core (DTC) zoning allows for many potential uses as well as redevelopment of up to 8 residential units with parking over first floor retail.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Retail
City: Sarasota
County: Sarasota
Subdivision: Burns Court
Sq. Ft. Gross: 4,528
Sq. Ft. Living Area: 4,528
Cost per (heated) sqare foot: $331
Year built: 1926
Annual Tax: $15,205
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
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Water Access: Not specified
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Exterior & Construction
Architectural Style:
Construction: Concrete, Stucco
Foundation: Crawlspace, Slab
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- Central Air
- Mini-Split Unit(s)
- Wall/Window Unit(s)
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Utilities:
- BB/HS Internet Capable
- Electricity Available
- Natural Gas Available
- Water Connected
Sewer: Public Sewer
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Lot Information
Lot Features: Central Business District
Lot Size (acres): 0.16
Lot Size (sq. ft.): 7,148 square feet
Road Frontage: City Street
Adjoining Property:
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Legal Description & Other Information
Financing Available: Cash
Parcel Number: 2027110064
Zoning: DTC
Tax Legal Desc.: LOTS 12 & 14, BURNS COURT
Listing courtesy of SVN COMMERCIAL ADVISORY GROUP. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.