Commercial Sale Property - Mixed Use in Sarasota
Listing Price: $2,740,000
Description of Property
Discover a rarely available gem located at the gateway to downtown Sarasota. The historic Reserve Retreat is positioned with prime visibility in the vibrant downtown arts district. Set on a 0.26-acre lot with frontage along North Tamiami Trail/US41 as well as along 14th Street, this property is Urban Mixed Use NT (North Trail) and offers exceptional potential for a live-work situation or a host of other opportunities with its unique blend of 3 freestanding Mixed-Use buildings. Current income streams include 6 beautifully appointed en-suite hotel rooms (3 with kitchens) a lively café, and a restaurant tenant, all centered around a charming al fresco courtyard, and the property comes with two 2COP Beverage licenses. Building One is 2,080 sq. ft. with a tenant-occupied ground floor (including kitchen and half bath) and 2 upstairs rooms with private baths; Building Two has 1,240 sq. ft. featuring a ground-floor café and half bath, plus 2 additional upstairs rooms with baths; and Building Three is 960 sq. ft. with 2 en-suite rooms and an attached laundry area. All new roofs! The Reserve Retreat is minutes from stunning beaches, theaters, museums, galleries, and more, and is only 3 miles from the Sarasota/Bradenton International Airport. This is an exciting opportunity for those seeking a beautiful property with endless possibilities.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Mixed Use
City: Sarasota
County: Sarasota
Subdivision: Valencia Terrace Rev
Sq. Ft. Gross: 4,376
Sq. Ft. Living Area: 4,280
Cost per (heated) sqare foot: $640
Year built: 1933
Annual Tax: $13,057
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances:
Accessibility Features:
Window Features:
- Drapes
- Window Treatments
- Wood Frames
Additional Rooms:
Ceiling Type:
Flooring: Other
Waterfront Info
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
- Wood Frame
- Wood Siding
Foundation: Other
Roof: Other, Shingle
Exterior Features:
Parking Features: 6 to 12 Spaces
Floors Total: 2
Floors in Unit: Two
- Central Air
- Mini-Split Unit(s)
- Other
- Wall/Window Unit(s)
Heating & Fuel:
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Sewer: Public Sewer
Water Source:
Community Features:
Association Amenities:
Lot Information
Lot Features:
- Corner Lot
- Historic District
- City Lot
- Neighbourhood
- Other
- Oversized Lot
- Sidewalk
Lot Size (acres): 0.26
Lot Size (sq. ft.): 11,330 square feet
Road Frontage: City Street, Main Thoroughfare, Other
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Parcel Number: 2025050041
Zoning: NT
Tax Legal Desc.: LOTS 3 & 4 LESS ROW TO STATE RD DEPT BLK B REV PLAT OF VALENCIA TERRACE
Section: 18
Range: 18E
Listing courtesy of PREFERRED SHORE LLC. 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.