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    1215 Palm Ave Sarasota, FL 34236

    Sponsored
    For Sale
    $1,650,000

    Historic Charm, Prime Location, High Potential

    Property size:
    2,211 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 2,211 square foot freestanding office building, constructed in 1925, presents a rare opportunity in Sarasota's desirable Downtown area. The property sits on a 0.12-acre lot and is zoned DTB, offering versatility for a variety of uses including office, retail, or residential development. Its timeless character and historic charm are undeniable, providing a unique aesthetic appeal rarely found in modern constructions. The building's prime location ensures high visibility and convenient access to local amenities, businesses, and transportation routes. The layout is adaptable to suit diverse needs, making it an attractive investment for both established businesses and forward-thinking entrepreneurs. The asking price is $1,650,000. This is a chance to acquire a piece of Sarasota's history while capitalizing on its vibrant and growing downtown core. The property's strong location and flexible zoning make it an ideal investment for those seeking a blend of historical character and modern potential. Its unique features and central location offer significant advantages for a wide range of uses, promising a strong return on investment. Serious inquiries are encouraged to explore this remarkable opportunity further.

    Property Features for 1215 Palm Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,211 SF
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1925
    Location Intelligence

    Current Use by Public Records

    Debbie Mastenbroek Interiors Interior Designer

    Suggested Use

    Restaurant Dental Office Law Firm Spa & Massage Hair Salon Nail Salon Clothing Store Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5461
    Latitude
    27.33682

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Charm, Prime Location, High Potential
    Where is this office property / space located?
    The property is located at 1215 Palm Ave Sarasota, FL.
    What is the asking price?
    The asking price for this property is $1,650,000.
    (941) 957-3730
    Request Owner's contact information
    1215 Palm Ave Sarasota, FL 34236
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    Sarasota, FL 34236
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1215 Palm Ave Sarasota, FL 34236
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