Downtown Edge Commercial
For Sale
$2,495,000
1419 & 1427 7TH, Sarasota, FL 34236
Downtown Edge-zoned land includes two commercial buildings, paved parking, and an existing triple-net lease through May 2027.
Property Size2,047 SF
Days on Market43
Property Features for 1419 & 1427 7TH
General Information
Standard status
Active
Size
2,047 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$15,475
Building Details
Building Size
2,047 SF
Year Built
1985
Units
2
Listing Agency:
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Listed By:
Frank Lambert · License #0345242
(941) 920-1500
Source:
Elliman
Added: Sep 20
Changed: Oct 31
Last Checked: Nov 1 at 7:07AM
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 PREMIER SOTHEBY'S INTERNATIONAL REALTY
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Investment Insights
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This 13,300-square-foot commercial land property includes two existing commercial buildings constructed in 1985, along with 11 paved parking spaces. The buildings generate combined monthly rental income exceeding $3,900 and are occupied under a triple-net lease extending through May 2027. Tenant improvements to the buildings and parking area exceed $150,000. Both roofs were replaced in 2006, and the buildings received treatment for wood-destroying organisms in 2017.
The site carries Downtown Edge zoning within the Rosemary Residential Overlay District. A proposed development program contemplates a five-story condominium or mixed-use project with 31 residences and up to 31 parking spaces, subject to zoning, governmental approvals, and other development requirements. The property is approximately 100 feet from Central Avenue and located blocks from Sarasota Bay and downtown Sarasota. The surrounding district includes restaurants, art galleries, shops, and design-oriented destinations. Existing lease terms and a tenant right of first refusal apply to contracts written before May 2027.
The site carries Downtown Edge zoning within the Rosemary Residential Overlay District. A proposed development program contemplates a five-story condominium or mixed-use project with 31 residences and up to 31 parking spaces, subject to zoning, governmental approvals, and other development requirements. The property is approximately 100 feet from Central Avenue and located blocks from Sarasota Bay and downtown Sarasota. The surrounding district includes restaurants, art galleries, shops, and design-oriented destinations. Existing lease terms and a tenant right of first refusal apply to contracts written before May 2027.
Key Highlights
- 13,300‑square‑foot commercial land site
- Downtown Edge zoning within the Rosemary Residential Overlay District
- Two commercial buildings with combined monthly rental income exceeding $3,900
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Current Use
Location Intelligence
Trade Area within ½ mile
4,705
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Commercial land - Downtown Edge-zoned land includes two commercial buildings, paved parking, and an existing triple-net lease through May 2027.
Where is this commercial land located?
The property is located at 1419 & 1427 7TH Sarasota, FL.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 13,300‑square‑foot commercial land site; Downtown Edge zoning within the Rosemary Residential Overlay District; Two commercial buildings with combined monthly rental income exceeding $3,900
