40 S BLVD OF THE PRESIDENTS, Sarasota, FL 34236
40 S BLVD OF THE PRESIDENTS, Sarasota, FL 34236
40 S BLVD OF THE PRESIDENTS, Sarasota, FL 34236
40 S BLVD OF THE PRESIDENTS, Sarasota, FL 34236
40 S BLVD OF THE PRESIDENTS, Sarasota, FL 34236
40 S BLVD OF THE PRESIDENTS, Sarasota, FL 34236

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Additional details
Keith Francis

Keith Francis

+1(904) 874-2066
$ 9,700,000
Est. payment | /mo

9,313 SqFt

Save Virtual Tour
$ 9,700,000
Est. payment | /mo
Save Virtual Tour

9,313 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,313 sqft

Price per Sqft $1,041

Subdivision Saint Armands Div John Ringling Estates

MLS Listing ID TB8516925

HOA Y/N No

Year Built 1964

Annual Tax Amount $55,864

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Mixed Use

Source Stellar MLS

Property Description

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.

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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.

Location

State FL

County Sarasota

Community Saint Armands Div John Ringling Estates

Area 34236 - Sarasota

Zoning CT

Interior

Cooling Central Air

Exterior

Roof Type Built-Up

Building

Story 2

Foundation Slab

Lot Size Range 0 to less than 1/4

Structure Type Brick,Concrete,Metal Frame

New Construction false

Others

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8516925

Stellar MLS
© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by Patricia Maxey LPT REALTY, LLC

NEARBY SCHOOLS & PROPERTIES

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+1(904) 469-7653

admin@roundtablerealty.com

1637 Racetrack Rd, Jacksonville, FL, 32259

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40 S BLVD OF THE PRESIDENTS