1215 Palm Ave, Sarasota, FL 34236
This exceptional 2-story, 2,211 square foot building presents a unique investment opportunity in the heart of Downtown Sarasota, Florida. Built in 1925 and renovated in 1979, this freestanding Class B property boasts timeless character and a prime location, offering convenient access to Main Street and numerous restaurants and retail establishments. The property sits on a 5,383 square foot lot, zoned DTB, providing versatility for a range of uses. Currently configured as executive office space, it offers significant potential for conversion to retail or residential use, catering to diverse business or residential needs. Ample rear parking adds to its appeal. The asking price is $1,800,000, translating to a land value of $814.11 per acre. This property's blend of historic charm, central location, and flexible zoning makes it an ideal choice for discerning investors and businesses seeking a distinctive presence in Downtown Sarasota's vibrant atmosphere. The property's walkability to local amenities and its versatile layout ensure a strong return on investment. Don't miss this chance to own a piece of Sarasota's rich history and thriving downtown scene.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.