Two-Story Mixed-Use
For Sale
$9,700,000
40 S BLVD OF THE PRESIDENTS, Sarasota, FL 34236
Commercial Sale, SARASOTA, FL
Property Size9,313 SF
Lot Size0.11 Acres
Price / SF$1,041
Days on Market79
Property Features for 40 S BLVD OF THE PRESIDENTS
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CT
Subdivision
SAINT ARMANDS DIV JOHN RINGLING ESTATES
Directions
From the roundabout at Fruitville Rd. and N. Tamiami Trail, take the third exit onto N. Tamiami Trail. Turn West onto Gulfstream Ave. This road becomes John Ringling Causeway. At St. Armand's Cir., take the third exit onto Blvd. of the Presidents. Subject is the last building, corner unit.
Standard status
Active
APN
2014050106
Size
9,313 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 1 BLK 11 ST ARMANDS DIVISION
Tax Annual Amount
55864
Legal Description
LOT 1 BLK 11 ST ARMANDS DIVISION
Utilities
Cooling system
Central Air
Amenities
rear loading and unloading area
Building Details
Year built
1964
Floors in Building
2
Building materials
Brick, Concrete, Metal Frame
Roof type
Built-Up
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Patricia Maxey · License #3527244
(541) 816-6966
Added: Jun 8
Changed: Aug 24
Last Checked: Aug 25 at 2:06AM
MLS# TB8516925
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 two-story mixed-use property is constructed with reinforced concrete, steel, metal framing, and brick, with a built-up roof and central air. The ground floor is occupied by an operating restaurant under a five-year lease that began in August 2025. The upper level provides space described for office, hospitality, or repositioning uses, while a rear loading and unloading area supports building operations.
The property occupies a corner position with three street frontages in the St. Armands Key district of Sarasota. The city has approved an additional 5,000 SF level, and the structure was originally engineered to support vertical expansion up to six stories, subject to future review and approval. The property is zoned CT and was constructed in 1964.
The property occupies a corner position with three street frontages in the St. Armands Key district of Sarasota. The city has approved an additional 5,000 SF level, and the structure was originally engineered to support vertical expansion up to six stories, subject to future review and approval. The property is zoned CT and was constructed in 1964.
Key Highlights
- Ground‑floor operating restaurant with a five‑year lease commencing August 2025
- Corner property with three street frontages in Sarasota’s St. Armands Key district
- City‑approved additional 5,000 SF level
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 49%
Apparel 39%
Dining 12%
Pepper Palace
Groceries
2,968 visits/mo
0.2 miles
The Spice & Tea Exchange
Groceries
2,602 visits/mo
0.1 miles
White House Black Market
Apparel
1,748 visits/mo
0.2 miles
Ben & Jerry's
Dining
1,391 visits/mo
0.1 miles
Crazy Shirts
Apparel
1,153 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
Market
Vacancy Rate% for Retail in Sarasota, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner asset combines a leased restaurant on the ground floor with adaptable upper-level commercial space.
Where is this mixed-use property 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: Ground‑floor operating restaurant with a five‑year lease commencing August 2025; Corner property with three street frontages in Sarasota’s St. Armands Key district; City‑approved additional 5,000 SF level
