40 S BLVD OF THE PRESIDENTS, Sarasota, FL 34236

Building Details

Year Built

1964

Listing agent PATRICIA MAXEY License #3527244

Listing office LPT REALTY, LLC a***@gmail.com Show Phone

Listing date Jun 8, 2026

Source Corcoran

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Overview

This two-story mixed-use commercial property totals about 10,000 SF and is constructed of reinforced concrete, steel, and glass. The ground floor is leased to an operating restaurant under a five-year lease commenced August 2025. The second floor is configured to allow flexibility for office use, hospitality, or other repositioning options.

The building sits on a highly visible corner lot with three street frontages in the St. Armands Key district of Sarasota, Florida. The property includes a rear loading and unloading area. The existing building height is approximately 22 feet.

From a tenant and operator standpoint, the stabilized restaurant tenancy on the ground floor can support a mixed-use plan while keeping upper-level space adaptable to changing needs. For buyers pursuing redevelopment, the structure was originally engineered to support vertical expansion, and the city has already approved one additional 5,000 SF level, with potential for further expansion subject to review and approval. This is a direct owner offering for a rare, supply-constrained mixed-use redevelopment scenario in the St. Armands Key market.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Sarasota

County

Manatee

State

Florida

Longitude

-82.5396

Latitude

27.3396

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FAQs

What type of property is this?

Conventional restaurant - Corner commercial building with three street frontages, leased restaurant ground floor, and flexible second-floor office or hospitality space.

Where is this conventional restaurant located?

The property is located at 40 S BLVD OF THE PRESIDENTS Sarasota, FL.

What is the asking price?

The asking price for this property is $9,700,000.

What are key features of this property?

This property features: 10,000 SF two‑story mixed‑use commercial building on a corner lot with three street frontages; Ground‑floor operating restaurant is leased under a five‑year lease commenced August 2025; Second floor offers flexible space for office or hospitality use, with repositioning potential