Prime Corner Parcel for
1000 N WASHINGTON Blvd Sarasota, FL 34236
1000 N WASHINGTON Blvd, Sarasota, FL, 34236
$2,250,000
For Sale
$2,250,000
0.66-acre corner parcel with mixed-use development potential.
Property Size7,700 SF
Lot Size0.66 Acres
Price / SF$292.21
Days on Market134
Property Features for 1000 N WASHINGTON Blvd
General Information
- Standard status
- Active
- Size
- 7,700 SF
- Lot size
- 0.66 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1965
Listing agency
HARRY ROBBINS ASSOC INC
(941) 287-7716
Listed by
Isaiah Miller · License #3598086
(941) 287-7716
Source
Elliman
Added: Mar 10 Updated: Jul 6 at 10:33AM Checked: Jul 21 at 6:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HARRY ROBBINS ASSOC INC
Investment Insights
Based on property information with market context.
This 0.66-acre corner parcel is located at the signalized intersection of US 301 (Washington Boulevard) and 10th Street. The property includes an office building with a driveway and dual ingress/egress onto both Washington Boulevard and 10th Street, as well as a residential unit that generates income. Zoned DTE, the site is suitable for mixed-use development, including residential, office, retail, or live/work concepts. A recent site plan proposed a four-story mixed-use building with 36 residential units and approximately 7,700 square feet of office space. The location provides traffic exposure and connectivity, situated directly on US 301 with access to Fruitville Road (SR 780), Downtown Sarasota, and Interstate 75. The property is located minutes from cultural venues, the waterfront, and restaurants, and benefits from walkability and bikeability.
Key Highlights
- High‑visibility corner location at a signalized intersection (US 301 and 10th Street).
- DTE zoning allows for diverse mixed‑use development.
- Includes an income‑producing residential unit for immediate cash flow.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $231.0k | $30.00 |
| − Vacancy | −$15.0k | −$1.95 |
| EGI | $216.0k | $28.05 |
| − OpEx | −$81.0k | −$10.52 |
| NOI | $135.0k | $17.53 |
7,700 SF · lease $30.00/SF/yr · vacancy 6.50% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.93M
$1.69M – $2.25M
NOI $134,991 @ 7.0% cap · market cap 6.00%
Second Best
Office B
$1.80M
$1.57M – $2.10M
NOI $125,738 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,503 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sarasota Web Design
Marketing & Advertising
Cameron Asset Management
Business Management Consultant
Gamblers Anonymous
Telecommunications Service
Southwest Florida Bus ...
Advocacy Group
Charlie's Cleanup & Bobcat ...
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - 0.66-acre corner parcel with mixed-use development potential.
Where is this commercial land located?
The property is located at 1000 N WASHINGTON Blvd Sarasota, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: High‑visibility corner location at a signalized intersection (US 301 and 10th Street).; DTE zoning allows for diverse mixed‑use development.; Includes an income‑producing residential unit for immediate cash flow.
