Commercial Sale · Multi Family (5+)
9022 MIDNIGHT PASS ROAD, SARASOTA, FL, 34242
Active136 days on marketListed Mar 24, 2026MLS #A4687297
About this property
The property at a glance
An exceptionally rare opportunity to acquire an assemblage of fully renovated, income-producing, nine-unit, waterfront condominiums as an entire complex located adjacent to Turtle Beach on world-renowned Siesta Key. Coral Shores offers immediate short-term rental income opportunity, paired with long-term redevelopment and appreciation potential, in one of Florida’s most desirable and supply-constrained coastal markets. Property Highlights: • Nine (9) condominium unit assemblage, sold as a package • Just under 0.50-acre waterfront site • Direct Sarasota Bay to Gulf of Mexico access – no bridges • Four private docks with eight slips (up to ~40’+ vessels) • Heated in-ground swimming pool • Large central parking lot for tenants and guests • New shared coin laundry, ice machine and owner storage facilities • Predominantly 2BR units with select 1BR and studio layouts Renovations & Interior Upgrades: Units have recently completed renovations featuring modern coastal interiors, updated kitchens with new appliances, stone countertops and new cabinetry, glass-enclosed contemporary bathrooms, new flooring, trim, windows, and select in-unit laundry, new common coin laundry appliances with ice machine and unit storage closets, new raised HVAC units, new pool pump equipment, and more. The property is fully turnkey for continued short-term rental use. Income & Zoning Upside: Currently operating as weekly short-term rentals with strong seasonal occupancy. Zoned for low-rise condominiums (2–3 stories), with surrounding properties zoned mid-rise (4–6 stories), providing future redevelopment or density expansion potential subject to approvals. More detail is available with executed NDA.
7,494
Building sq ft
$800
Price / sq ft
0.44
Lot acres
1981
Year built
9
Units
3
Buildings
RMF3/SKOD
Zoning
Multi Family (5+)
Property type
The numbers
Investment snapshot
$666,111
Price / unit
9
Units
Estimated payment (illustrative)
Estimated payment
$30,051/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask German to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
Recent sales
What actually sold near 9022 MIDNIGHT PASS ROAD
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$876,000
576 BLACKBURN POINT ROAD
4,475 sqft · $196/sqft · Sold May 30, 2025
$2,000,000
7157 CURTISS AVENUE
7,780 sqft · $257/sqft · Sold Jun 20, 2025
$825,000
6607 GATEWAY AVENUE
4,383 sqft · $188/sqft · Sold Oct 30, 2025
Your team
The pros in your corner
Your agent
German Parra Tovar
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 9022 MIDNIGHT PASS ROAD — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 9022 MIDNIGHT PASS ROAD.
See it in person
Schedule a tour
Live availability from German's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of DREAMIFY REAL ESTATE LLC · Michael Grant. MLS #A4687297.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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