Downtown Sarasota Mixed-Use
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
(941) 279-3630
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
NOI $143,143 @ 7.0% cap · market cap 3.77%
Second Best
Office B
$1.90M
$1.67M – $2.22M
NOI $133,331 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
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
Similar For Sale Nearby
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.