SQUARE FEET10,000
MLS#TB8516925
STATUSActive
PROPERTY TYPECommercial -
SUBDIVISIONSAINT ARMANDS DIV JOHN RINGLING ESTATES
Property Description
Rare Mixed-Use Investment & Redevelopment OpportunityUnique in its kind and virtually impossible to replicate, this prominent 10,000 SF mixed-use commercial asset is located within the one and only St. Armands Key district, one of the most exclusive and supply-constrained retail and dining destinations on Florida's Gulf Coast.Positioned on a highly visible corner lot with three street frontages, the property combines stabilized income with exceptional long-term redevelopment potential.The ground floor is currently leased to an operating restaurant under a five-year lease commenced August 2025, providing immediate income to the new owner. The second floor offers flexible office, hospitality, or repositioning opportunities.Constructed of reinforced concrete, steel, and glass, the structure was originally engineered to support vertical expansion. The city has already approved one additional 5,000 SF level, with potential for further expansion subject to review and approval.?Investment Highlights10,000 SF two-story commercial buildingCorner property with three street frontagesStabilized income componentFlexible second-floor configurationApproved vertical expansionAir rights / redevelopment upsideReinforced concrete and steel constructionRare St. Armands Key locationHurricane-resilient structureRear loading and unloading areaDirect owner offeringAir Rights & Vertical ExpansionThe current building height is approximately 22 feet. The city has already approved one additional 5,000 SF level, and the structure was originally engineered to support up to six stories, subject to future review and approval.This creates a rare opportunity for long-term redevelopment and value creation in one of Sarasota's most desirable island markets.
Property Features
Property Type: Commercial -
Cooling: Central Air
Lot Size: 0.11 Acres
Roof Type: Built-Up
Stories: 2.0
Taxes: $55,864
Year Built: 1964
Feature Descriptions
Building: Bathrooms, Elevator, Kitchen Facility, Ramp
Directions: From the roundabout at Fruitville Rd. and N. Tamiami Trail, take the third exit onto N. Tamiami Trail. Turn West onto Gulfstream Ave. This road becomes John Ringling Causeway. At St. Armand's Cir., take the third exit onto Blvd. of the Presidents. Subject
Exterior: Brick, Concrete, Metal Frame
Flood Zone Code: AE
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.11
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Mixed Use
Showing Instructions: Call Owner, Call Seller Direct
Special Sale Provisions: None
Water Access Y/N: No
Zoning: CT
Listed By / Shown By
Listed By
Agency Name: LPT REALTY, LLC
Agency Contact: 877-366-2213
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
40 S Blvd Of The Presidents | MLS# TB8516925
This commercial property located at 40 S Blvd Of The Presidents , Sarasota, FL 34236 is currently listed for sale with an asking price of $9,700,000. Search Sarasota real estate on www.realtymark.net today.