Active

$4,600,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 5795 sq ft
Overview
  • ID: MFRC7515148
  • Bedrooms:
  • Bathrooms: 0
  • Size: 5795 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$4,600,000
HOA Fee:
N/A
Tax Amount:
$18196.64
Price per SqFt:
$793.79
Tax Legal Description:
LOT 8 BLK 14 PLAT OF SARASOTA
Exterior Features
Lot Size:
5250
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Mixed Use
Style:
N/A
Year Built:
1960
Construction Type:
Concrete, Stone
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    1219 1ST ST
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