Downtown Mixed-Use
For Sale
$2,747,000
227 CENTRAL Avenue, Sarasota, FL 34236
Commercial Sale, SARASOTA, FL
Property Size5,918 SF
Lot Size0.22 Acres
Price / SF$464.18
Days on Market520
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Property Features for 227 CENTRAL Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
DTC
Appliances
Refrigerator
Subdivision
PLAT OF SARASOTA EXHIBIT
Directions
Corner of Central Ave. And Fruitville Rd.
Standard status
Active
APN
2026130013
Size
5,918 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 21 & 23 BLK 17 LESS R/W FOR 3RD ST IN OR 1999-1446 PLAT OF SARASOTA
Tax Annual Amount
23488
Legal Description
LOTS 21 & 23 BLK 17 LESS R/W FOR 3RD ST IN OR 1999-1446 PLAT OF SARASOTA
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
kitchen
common area
storage closets
meeting room
reception area
Building Details
Year built
1985
Floors in Building
2
Flooring type
Tile - Ceramic, Carpet, Laminate
Building materials
Concrete
Roof type
Metal
Listing Agency:
PREMIER PLUS REALTY
(941) 228-0077
Listed By:
Dawn Cohen · License #3448110
(941) 960-2335
Added: May 14, 2025
Changed: Sep 28
Last Checked: Oct 15 at 3:06PM
MLS# R4909344
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.
This 5,918-square-foot mixed-use property sits on a 0.22-acre corner lot and was built in 1985. The building includes a kitchen, common area, storage closets, meeting room, reception area, and two bathrooms. The second floor has a private entrance, while multiple driveway entrances support access across the site. Five air-conditioning units, central heating, laminate, carpet, and ceramic tile flooring are in place.
The property is zoned DTC and includes 15 on-site parking spaces. Public water and public sewer serve the site. The concrete building has a metal roof, with a refrigerator included among the appliances.
The property is zoned DTC and includes 15 on-site parking spaces. Public water and public sewer serve the site. The concrete building has a metal roof, with a refrigerator included among the appliances.
Key Highlights
- 5,918‑square‑foot mixed‑use property on a 0.22‑acre corner lot
- DTC zoning supports mixed‑use, residential, and commercial applications
- 15 on‑site parking spaces with several driveway entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,414
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,108,280
$2.1M
Cap Rate 7%
$1,505,914
$1.5M
Cap Rate 9%
$1,171,267
$1.2M
Market Conditions
NOI Build-Up for 5,918 SF
Gross rent
$177.5K $30.00/SF
− Vacancy
−$8.9K −$1.50/SF
EGI
$168.7K $28.50/SF
− OpEx
−$63.2K −$10.69/SF
NOI
$105.4K $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%
$2,108,280
Cap Rate 7%
$1,505,914
Cap Rate 9%
$1,171,267
Alternative Uses
Best Use
Mixed Use
$1.51M
$1.32M – $1.76M
NOI $105,414 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,736 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Concrete mixed-use property with on-site parking, multiple entrances, and a second-floor private entry.
Where is this mixed-use property located?
The property is located at 227 CENTRAL Avenue Sarasota, FL.
What is the asking price?
The asking price for this property is $2,747,000.
What are key features of this property?
This property features: 5,918‑square‑foot mixed‑use property on a 0.22‑acre corner lot; DTC zoning supports mixed‑use, residential, and commercial applications; 15 on‑site parking spaces with several driveway entrances
