Downtown Retail Building with
For Sale
Contact for pricing
Pending
301 Central Avenue, Sarasota, FL 34236
Signalized intersection retail building with first-floor showroom, offices, meeting rooms, and garage/storage space.
Property Size9,636 SF
Lot Size9,623.00 Acres
Days on Market345
Property Features for 301 Central Avenue
General Information
Standard status
Pending
Size
9,636 SF
Lot size
9,623.00 Acres
Property subtype
LAND
Zoning
DTE
Lease Type
NNN
Building Details
Stories
2
Properties For Sale
at 301 Central Avenue
Sarasota Landmark Retail location for redevelopment
AVAILABLE
Size
9,636 SF
Type
RETAIL
Lease Type
NNN
Landmark retail location in downtown Sarasota, formerly occupied by BlueLine, available For Lease or For Sale.
9,336 SF building at the signalized intersection of Fruitville Rd and Central Ave. Zoned DTE (Downtown Edge). First floor includes showroom area, meeting rooms, private offices and garage/storage space. Partial 2nd floor includes additional admin/work offices.Excellent opportunity to renovate for retail or alternative use!
Also available For Sale $3,000,000.
Contact us
Listing Agency:
RKW Button
(941) 378-2328
Listed By:
Jeff Button · License #543286
(941) 313-1193
Source:
Moodyscre
Added: Nov 12, 2025
Changed: Oct 16
Last Checked: Oct 23 at 10:00AM
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 RKW Button
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This landmark downtown Sarasota retail building is offered for lease or sale. The property includes a first-floor layout featuring showroom space, meeting rooms, private offices, and garage/storage space. A partial second floor adds additional admin and work offices.
The building is located at a signalized intersection on Central Ave at Fruitville Rd. The property is zoned DTE (Downtown Edge).
With the existing combination of retail and office-oriented interiors, the space can be renovated to support retail or alternative use consistent with the zoning designation.
The building is located at a signalized intersection on Central Ave at Fruitville Rd. The property is zoned DTE (Downtown Edge).
With the existing combination of retail and office-oriented interiors, the space can be renovated to support retail or alternative use consistent with the zoning designation.
Key Highlights
- 9,336 SF retail building at the signalized intersection of Fruitville Rd and Central Ave in downtown Sarasota
- Zoned DTE (Downtown Edge)
- First floor includes showroom area, meeting rooms, private offices, and garage/storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,553
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,011,060
$3.0M
Cap Rate 7%
$2,150,757
$2.2M
Cap Rate 9%
$1,672,811
$1.7M
Market Conditions
NOI Build-Up for 9,636 SF
Gross rent
$231.3K $24.00/SF
− Vacancy
−$16.2K −$1.68/SF
EGI
$215.1K $22.32/SF
− OpEx
−$64.5K −$6.70/SF
NOI
$150.6K $15.62/SF
Area
Sarasota County, FL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,011,060
Cap Rate 7%
$2,150,757
Cap Rate 9%
$1,672,811
Alternative Uses
Best Use
Retail
$2.15M
$1.88M – $2.51M
NOI $150,553 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $191,704 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,803
Businesses Nearby
159k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 47%
Dining 17%
Shops & Services 16%
Hotels & Casinos 13%
Publix
Groceries
37,584 visits/mo
0.5 miles
Whole Foods Market
Groceries
34,548 visits/mo
0.2 miles
Sunoco
Shops & Services
18,817 visits/mo
0.5 miles
Ritz-Carlton Sarasota
Hotels & Casinos
15,303 visits/mo
0.3 miles
First Watch
Dining
10,428 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Sarasota, FL
Frequently Asked Questions
What type of property is this?
Retail space - Signalized intersection retail building with first-floor showroom, offices, meeting rooms, and garage/storage space.
Where is this retail space located?
The property is located at 301 Central Avenue Sarasota, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 9,336 SF retail building at the signalized intersection of Fruitville Rd and Central Ave in downtown Sarasota; Zoned DTE (Downtown Edge); First floor includes showroom area, meeting rooms, private offices, and garage/storage space
