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    601 Quay Cmns Sarasota, FL 34236

    For Sale
    Contact for pricing

    Historic building, versatile uses.

    Property size:
    18,171 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This iconic, three-story building, originally constructed in 1926 and meticulously renovated in 2020, presents a unique investment opportunity in downtown Sarasota, Florida. Located at 601 Quay Commons, Sarasota, FL 34236, this 18,171 square foot property sits on a 16,000 square foot lot (APN 2009160009) and boasts Downtown Bayfront (DTB) zoning, allowing for diverse uses including hotel, restaurant, office, retail, multifamily residential, or mixed-use development. The building's rich history and prime location within the Quay Master Plan area offer significant potential for future growth and profitability. With its vacant status, this property is ready for immediate occupancy and customization to suit the buyer's vision. The property features one building, totaling 18,171 square feet of net rentable space, priced at $687.91 per square foot. A video showcasing the property is available online. This is a rare chance to acquire a piece of Sarasota's history and shape its future. The property's versatility and prime location make it an exceptional investment opportunity. Serious inquiries are encouraged.

    Property Features for 601 Quay Cmns

    General Information

    Property type
    Restaurants
    Square Feet
    18,171 SF

    Building Details

    Year Built/Renovated
    1926/2020
    Buildings
    1
    Stories
    3

    HighLights

    • Iconic, historic building.
    • 1926 construction.
    • Meticulously renovated.
    • Downtown Bayfront (DTB) zoning offers diverse use potential.
    • Located within the Quay Sarasota Master Plan.
    • Sarasota‑Manatee‑North Port market; Downtown Sarasota submarket.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Restaurant Dental Office Spa & Massage Law Firm Hair Salon Realty agency Nail Salon Clothing Store Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5479842
    Latitude
    27.3400336

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    FAQs

    What type of property is this?
    Restaurant - Historic building, versatile uses.
    Where is this restaurant located?
    The property is located at 601 Quay Cmns Sarasota, FL.
    What are key features of this property?
    This property features: Iconic, historic building.; 1926 construction.; Meticulously renovated.
    Request Owner's contact information
    601 Quay Cmns Sarasota, FL 34236
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    Sarasota, FL 34236
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    601 Quay Cmns Sarasota, FL 34236
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