Commercial Sale · Mixed Use
1419 & 1427 7TH STREET, SARASOTA, FL, 34236
Active3 days on marketListed Sep 19, 2026MLS #A4706531
About this property
The property at a glance
Capture an opportunity to acquire one of the remaining development sites in Sarasota’s Rosemary Arts and Design District. This 13,300-square-foot property offers Downtown Edge zoning within the Rosemary Residential Overlay District, with potential for a five-story, 31-residence condominium or mixed-use project and up to 31 parking spaces, subject to applicable zoning, governmental approvals and development requirements. Located approximately 100 feet from Central Avenue and blocks from Sarasota Bay and downtown Sarasota, the property is positioned near the Rosemary District’s growing collection of restaurants, art galleries, shops and design destinations. The site currently includes two commercial buildings generating more than $3,900 in combined monthly rental income and 11 paved parking spaces, providing income while future development plans are considered. The tenant has a triple-net lease. Tenants have invested more than $150,000 in building improvements and improvements to the paved parking area. New roofs were installed on both buildings in 2006, and both buildings were tented for wood-destroying organisms in 2017. A contemporary condominium development is planned across Seventh Street. The listing agent can provide additional information regarding the proposed project. The property is being offered subject to existing lease terms through May 2027. Tenants have a right of first refusal on contracts written before May 2027. With its development potential, existing income and location within the Rosemary Arts and Design District, this property presents an opportunity to establish a presence in one of downtown Sarasota’s evolving districts. ****ADJACENT VACANT LAND MLS A4706492 TOGETHER WITH THIS PROPERTY OFFERS A 62 UNIT DEVELOPMENT OPPORTUNITY.***
2,441
Building sq ft
$1,022
Price / sq ft
0.31
Lot acres
1985
Year built
2
Units
2
Buildings
DTE
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
1.1%
Cap rate
$28,208
Net operating income
$47,208
Gross income (yr)
$1,247,500
Price / unit
2
Units
Estimated payment (illustrative)
Estimated payment
$12,669/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 Donna to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
13,916
Population
$96,400
Median income
66.6
Median age
1.63
Avg household
$917,100
Median home value
$2,010/mo
Median rent
460
Households w/ kids
Recent sales
What actually sold near 1419 & 1427 7TH STREET
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$32,719
3595 WEBBER STREET
1,567 sqft · $21/sqft · Sold Nov 7, 2025
$1,750,000
1761 SIESTA DR & 1760 WISCONSIN LN
4,435 sqft · $395/sqft · Sold Jun 18, 2026
$1,350,000
4001 SWIFT ROAD
4,660 sqft · $290/sqft · Sold Feb 28, 2025
Your team
The pros in your corner
Your agent
Donna Layton
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 1419 & 1427 7TH STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1419 & 1427 7TH STREET.
See it in person
Schedule a tour
Live availability from Donna's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTY · Frank Lambert. MLS #A4706531.
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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