Commercial Sale · Mixed Use
40 S BLVD OF THE PRESIDENTS, SARASOTA, FL, 34236
Active73 days on marketListed Jun 8, 2026MLS #TB8516925
About this property
The property at a glance
Rare Mixed-Use Investment & Redevelopment Opportunity Unique 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 Highlights 10,000 SF two-story commercial building Corner property with three street frontages Stabilized income component Flexible second-floor configuration Approved vertical expansion Air rights / redevelopment upside Reinforced concrete and steel construction Rare St. Armands Key location Hurricane-resilient structure Rear loading and unloading area Direct owner offering Air Rights & Vertical Expansion The 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.
10,000
Building sq ft
$970
Price / sq ft
0.11
Lot acres
1964
Year built
1
Building
CT
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$48,433/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 Frantreshia 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
403
Population
$97,465
Median income
80
Median age
2
Avg household
$740,700
Median home value
$3,501/mo
Median rent
7%
Households w/ kids
Consumer profile
These citizens want to make their neighborhood a better, more beautiful place to live. They're attentive to the needs and affairs of the local community.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Meals are a social experience, and these foodies take it to the next level. This population can't wait to snap a pic of their plate and share it before chowing down.
From girls night out to a movie night in with their closest gal pals, this population is all about getting the girls together for an evening of fun.
Passionate about style, smart chic searches high and low for the perfect look - but not one that will break the bank.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Recent sales
What actually sold near 40 S BLVD OF THE PRESIDENTS
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$16,200
334 S WASHINGTON BOULEVARD
8,694 sqft · $2/sqft · Sold Oct 9, 2025
$1,750,000
1761 SIESTA DR & 1760 WISCONSIN LN
4,435 sqft · $395/sqft · Sold Jun 18, 2026
$21,000
400 S WASHINGTON BOULEVARD
8,694 sqft · $2/sqft · Sold Jan 24, 2025
Your team
The pros in your corner
Your agent
Frantreshia Miller
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 40 S BLVD OF THE PRESIDENTS — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 40 S BLVD OF THE PRESIDENTS.
See it in person
Schedule a tour
Live availability from Frantreshia's calendar — pick a time and it's booked.
Listing courtesy of LPT REALTY, LLC · Patricia Maxey. MLS #TB8516925.
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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