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    OFF-MARKET
    Commercial real estate

    1215 Palm Ave, Sarasota, FL 34236

    2,211 SF Built 1925
    Entity Owned 1-yr Hold
    Property ID
    US18-8583778
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1925
    Total area 2,211 SF
    UPID US18-8583778
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Debbie Mastenbroek Interiors Interior Design Home Decor Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Unilog Orlando 1031 LLC · 1 yrs held
    Unilog Orlando 1031 LLC
    since 2025
    2 recorded transactions
    2025
    $1.5M
    2024
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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