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    48-52 S Palm Ave Sarasota, FL 34236

    For Lease
    $45 SF/Yr ($5,932 /Mo)

    Retail space for lease in downtown Sarasota.

    Property size:
    1,582 SF
    Lot size:
    0.22 Acres

    Property Features for 48-52 S Palm Ave

    General Information

    Size
    1,582 SF
    Lot size
    0.22 Acres

    Source: Ian Black Real Estate, LLC Agent Ian Black

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newly Renovated Retail Space

    This is a prime opportunity to lease newly renovated retail space on Palm Avenue in downtown Sarasota. The location, known as Sugar Palm Court, will feature a new courtyard setting. Outside seating will be provided. The space lends itself to a tenant mix that will provide a distinctive "sense of place". The tenant is responsible for NNN prorated costs in the $14.25 per square foot range annually, Florida sales tax, utilities, a base rent increase of 4% annually, a tenant's insurance policy, a security deposit plus first and last month's rent, and must sign a lease guaranty personally and corporately. The minimum lease term is 5 years.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Clothing Store Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5430309
    Latitude
    27.334769

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    FAQs

    What type of property is this?
    Retail space - Retail space for lease in downtown Sarasota.
    Where is this retail space located?
    The property is located at 48-52 S Palm Ave Sarasota, FL.
    What is the lease rate?
    The lease rate is $45 SF/Yr.
    What are key features of this property?
    This property features: - Newly renovated retail space.; - Prime location on prestigious Palm Ave in downtown Sarasota.; - New courtyard setting with outside seating provided.
    (941) 586-3456
    Request Owner's contact information
    48-52 S Palm Ave 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
    48-52 S Palm Ave Sarasota, FL 34236
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