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Downtown Sarasota Mixed-Use Building

1345 2ND STREET Sarasota, FL 34236

1345 2ND STREET, Sarasota, FL, 34236
$3,800,000
For Sale
$3,800,000

Three-story mixed-use building in the heart of Downtown Sarasota.

Property Size8,165 SF
Lot Size0.12 Acres
Price / SF$465.40
Days on Market285

Property Features for 1345 2ND STREET

General Information

Standard status
Active
Size
8,165 SF
Lot size
0.12 Acres
Property subtype
Commercial

Building Details

Year Built
2000
Listing Agency COMPASS FLORIDA LLC
Listed by COLBY LENGEL · License #3335175
Source Corcoran
Added: Oct 9, 2025 Updated: Jul 6 at 9:57 am Checked: Jul 19 at 4:51 am

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 COMPASS FLORIDA LLC


Investment Insights

Based on property information with market context.

This three-story mixed-use building is located in Downtown Sarasota, offering proximity to dining, shopping, and cultural attractions. Constructed in 2000, the first floor features a coastal-inspired entrance with luxury vinyl plank flooring and an open area with natural light. Previously a salon, this level includes 12 stations, 6 wash stations, 4 drying stations, 2 bathrooms, and a mixing station with dark tile. The second floor, accessible by staircase and elevator, contains 7 treatment rooms with plumbing, 2 additional bathrooms, a breakroom, and an office. A room with a Himalayan salt brick wall adds a luxurious touch. The second floor also includes a naturally lit break room. The third floor penthouse features a four-bedroom residence with an open floor plan, high ceilings, and floor-to-ceiling windows. The chef’s kitchen includes a grand island, wine fridge, built-in oven and microwave, and a six-burner gas cooktop with a grilling area. A wet bar and coffee station feature two dishwashers and storage. The dining and living areas are anchored by a fireplace. A private balcony off the kitchen offers city views. A spiral staircase leads to a third-floor bedroom with an en-suite half-bath and rooftop terrace, currently used as a short term rental. The building includes two assigned covered parking spaces. The 8,165 square foot building is suitable for an owner occupier to run their business while living above. The med spa on the 2nd floor would consider staying on a long term lease.

Key Highlights

  • Rare mixed‑use building in the heart of Downtown Sarasota.
  • Private penthouse residence with four bedrooms, chef's kitchen, wet bar, and rooftop terrace.
  • Prime location near premier dining, shopping, and cultural attractions.

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 $245.0k $30.00
− Vacancy −$15.9k −$1.95
EGI $229.0k $28.05
− OpEx −$85.9k −$10.52
NOI $143.1k $17.53
8,165 SF · lease $30.00/SF/yr · vacancy 6.50% · expense 37.50%

Alternative Uses

Best Use
Mixed Use
$2.04M
$1.79M – $2.39M (±1% cap)
NOI $143,143 @ 7.0% cap · market cap 3.77%
Second Best
Office B
$1.90M
$1.67M – $2.22M (±1% cap)
NOI $133,331 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M (±1% cap)
NOI $168,075 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Bowerman Artistry Medical Clinic Bradley Business Consultants, ... Consultant Sparkle SRQ, LLC~Lash ... Hair Salon The Laser Lounge Spa ... Spa & Massage Center Kristi Koepp Donato Hair Salon

Suggested Use

(Bike/Boat/Book/etc) Store Butcher (Bike/Boat/Book/etc) Store Florist Clothing & Fashion Store (Bike/Boat/Book/etc) Store Pet Store Daycare Center Veterinary Clinic Fish Market

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

FAQs

What type of property is this?
Mixed-use property - Three-story mixed-use building in the heart of Downtown Sarasota.
Where is this mixed-use property located?
The property is located at 1345 2ND STREET Sarasota, FL.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Rare mixed‑use building in the heart of Downtown Sarasota.; **Private penthouse residence** with four bedrooms, chef's kitchen, wet bar, and rooftop terrace.; Prime location near premier dining, shopping, and cultural attractions.
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