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Listed by DALTON WADE INC
$4,600,000
Est. payment /mo
5,795 SqFt
New
1219 1ST ST Sarasota, FL 34236
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,795 sqft
Price per Sqft $793
Subdivision Plat Of Sarasota Exhibit
MLS Listing ID C7515148
HOA Y/N No
Year Built 1960
Annual Tax Amount $18,196
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Mixed Use
Source Stellar MLS
Property Description
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.
Location
State FL
County Sarasota
Community Plat Of Sarasota Exhibit
Area 34236 - Sarasota
Zoning DTB
Interior
Cooling Central Air
Building
Story 1
Foundation Block
Lot Size Range 0 to less than 1/4
Structure Type Concrete,Stone
New Construction false
Others
Ownership Other
Acceptable Financing Owner Financing
Listing Terms Owner Financing
Special Listing Condition None
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