Three-Story Mixed-Use
For Sale
$3,750,000
1345 2ND Street, Sarasota, FL 34236
Commercial Sale, SARASOTA, FL
Property Size8,165 SF
Lot Size0.12 Acres
Price / SF$459.28
Days on Market371
Property Features for 1345 2ND Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
DTC
Subdivision
PLAT OF SARASOTA EXHIBIT
Directions
Drive South on Tamiami Trl, Take a Left on Fruitville Rd then a Left on Cocoanut Ave then a Left on 2nd St. 1345 2nd St will be on your left.
Standard status
Active
APN
2026130088
Size
8,165 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 14 BLK 17 PLAT OF SARASOTA
Tax Annual Amount
45110
Legal Description
LOT 14 BLK 17 PLAT OF SARASOTA
Utilities
Cooling system
Central Air
Building Details
Year built
2000
Floors in Building
3
Building materials
Block
Listing Agency:
COMPASS FLORIDA LLC
(941) 279-3630
Listed By:
Colby Lengel · License #3335175
(941) 779-6227
Added: Oct 8, 2025
Changed: Oct 13
Last Checked: Oct 13 at 6:06PM
MLS# A4666612
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Constructed in 2000, this 8,165-square-foot, three-story mixed-use building includes a salon-oriented first floor, a treatment-focused second level, and a private penthouse residence. The ground floor previously operated with 12 stations, 6 wash stations, 4 drying stations, 2 bathrooms, and a mixing station. The second floor has 7 plumbed treatment rooms, 2 additional bathrooms, an office, and a breakroom, plus elevator and stair access. A Himalayan salt-brick feature wall adds a distinctive interior element.
The third-floor residence offers 4 bedrooms, an open living and dining arrangement, a chef’s kitchen with island, wine refrigerator, built-in oven and microwave, six-burner gas cooktop, grilling area, wet bar, coffee station, 2 dishwashers, fireplace, and private balcony. One bedroom includes an en-suite half-bath and rooftop terrace. The property is zoned DTC, sits on 0.12 acres, and includes 2 assigned covered parking spaces. The building is vacant; the med spa occupying the second floor may consider a long-term lease. A separate 4,880 SF lot at 1374 Fruitville Rd is also offered separately.
The third-floor residence offers 4 bedrooms, an open living and dining arrangement, a chef’s kitchen with island, wine refrigerator, built-in oven and microwave, six-burner gas cooktop, grilling area, wet bar, coffee station, 2 dishwashers, fireplace, and private balcony. One bedroom includes an en-suite half-bath and rooftop terrace. The property is zoned DTC, sits on 0.12 acres, and includes 2 assigned covered parking spaces. The building is vacant; the med spa occupying the second floor may consider a long-term lease. A separate 4,880 SF lot at 1374 Fruitville Rd is also offered separately.
Key Highlights
- 8,165 SF mixed‑use building on 0.12 acres
- Three‑story building constructed in 2000 with DTC zoning
- First floor previously configured with 12 salon stations, 6 wash stations, and 4 drying stations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,439
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,908,780
$2.9M
Cap Rate 7%
$2,077,700
$2.1M
Cap Rate 9%
$1,615,989
$1.6M
Market Conditions
NOI Build-Up for 8,165 SF
Gross rent
$245.0K $30.00/SF
− Vacancy
−$12.2K −$1.50/SF
EGI
$232.7K $28.50/SF
− OpEx
−$87.3K −$10.69/SF
NOI
$145.4K $17.81/SF
Area
Sarasota County, FL
Vacancy
5.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,908,780
Cap Rate 7%
$2,077,700
Cap Rate 9%
$1,615,989
Alternative Uses
Best Use
Mixed Use
$2.08M
$1.82M – $2.42M
NOI $145,439 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$1.06M
$929.5K – $1.24M
NOI $74,358 @ 7.0% cap · market cap 1.98%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,439 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,803
Businesses Nearby
Explore this area
Business Placement
Demographics for 34236, FL
14,083
Population
11,661
Households
1.2
Avg Household Size
66
Median Age
62%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
3,912
Density / Sq Mi
$96,400
Median Household Income
$48,828
Median Earnings
$2,010
Median Rent
$917,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown property combines a salon-ready first floor, treatment rooms, and a private residential penthouse with elevator access.
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 $3,750,000.
What are key features of this property?
This property features: 8,165 SF mixed‑use building on 0.12 acres; Three‑story building constructed in 2000 with DTC zoning; First floor previously configured with 12 salon stations, 6 wash stations, and 4 drying stations
