Commercial Sale Property - Mixed Use in Sarasota
Listing Price: $4,600,000
Description of Property
Prime downtown Sarasota location! This 5,795 sq. ft. commercial building on a 0.12-acre lot offers unmatched potential for business owners and investors seeking a presence in one of the most vibrant areas of the city. The property features a new roof completed in 2023, giving peace of mind and reducing near-term capital expenses. The current zoning allows for a wide range of commercial uses and provides the potential for vertical development of up to 18 stories, subject to site limitations, approvals, and buyer due diligence. While the current lot size may affect what can be built, this flexibility in zoning makes the property a valuable long-term investment opportunity. The property is positioned in one of the most desirable and walkable sections of downtown Sarasota. Just a few doors down from the Sarasota Opera House, minutes from the Van Wezel Performing Arts Hall, Bayfront Park, and Sarasota’s renowned waterfront. The location also provides quick access to Ringling College of Art & Design and the Ringling Museum, making this a central hub for arts, culture, and commerce. St. Armands Circle, Lido Key, and Sarasota-Bradenton International Airport are all a short drive away. Downtown Sarasota continues to experience strong growth, with new luxury residences, hotels, dining, and retail creating unmatched energy in the area. Owning property here positions investors to benefit from Sarasota’s continued expansion as a top destination for both visitors and residents.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Mixed Use
City: Sarasota
County: Sarasota
Subdivision: Plat Of Sarasota Exhibit
Sq. Ft. Gross: 5,795
Sq. Ft. Living Area: 5,795
Cost per (heated) sqare foot: $794
Year built: 1960
Annual Tax: $18,197
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Waterfront Info
Exterior & Construction
Construction: Stone
Foundation: Block
Floors Total: 1
Floors in Unit:
Cooling: Central Air
Heating & Fuel:
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Lot Information
Lot Size (acres): 0.12
Lot Size (sq. ft.): 5,250 square feet
Road Frontage: Business District
Legal Description & Other Information
Financing Available: Owner May Carry
Parcel Number: 2026130074
Zoning: DTB
Tax Legal Desc.: LOT 8 BLK 14 PLAT OF SARASOTA
Section: 19
Range: 18E
Listing courtesy of DALTON WADE INC. 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.