Property profile

1530 Dolphin St Sarasota, FL 34236

FOR LEASE
Retail space
Property ID
US18-0168471
9,500 SF 0.49 ac lot Built 1959
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 11,494-square-foot retail shopping center presents a prime redevelopment opportunity in downtown Sarasota, Florida. Located on a 0.488-acre corner lot at 1530 Dolphin St, 34236, this Class B property boasts generous parking and convenient access. Its Downtown Core (DTC) zoning allows for diverse uses and significant redevelopment potential. The site's base density is 50 units per acre, with a potential bonus density of up to 200 units per acre achievable by designating 15% of additional units as affordable housing, resulting in a maximum density of approximately 97 units. This location offers unparalleled access to Sarasota's vibrant downtown, the bayfront, and the popular Burns Court district. Nearby amenities include abundant shopping, dining, existing condominium projects, and various entertainment venues, all within close proximity to other redevelopment projects. This property represents an exceptional investment opportunity in a thriving urban environment. The property's prime location and high-density zoning make it an attractive prospect for developers seeking to capitalize on Sarasota's dynamic growth.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1959
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,500 SF
Lot 0.49 ac (21,263 SF)
Zoning code DTC
APN 2027-11-0008
UPID US18-0168471

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Environmental Consultant Environmental Organization
  • Clothing & Fashion Store
  • (Bike/Boat/Book/etc) Store
  • Veterinary Clinic

Location

1530 Dolphin St Sarasota, FL 34236
Sarasota metro Census 104 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.29M
Comparable Approach Comparable
$2.82M
Blend (final) Blend
$3.16M

Owner & transaction history

Zoning & alternative use

DTC · Sarasota, FL
Zoning description

screening between registered vacation rentals and single family uses; modify the definition for restaurants and add language to facilitate outdoor restaurants and seating; permit mobile food trucks as a permitted use in…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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