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Property profile

1345 2Nd St Sarasota, FL 34236

FOR SALE
Community centers
Property ID
US18-2910589
8,165 SF 0.12 ac lot Built 2000
Trust Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This three-story mixed-use building in Downtown Sarasota was constructed in 2000 and contains a total of 8,165 square feet on a 0.12-acre lot. The first floor features a bright entry and luxury vinyl plank flooring in a light oak finish, with an open area that previously supported a salon setup including 12 stations, 6 wash stations, 4 drying stations, 2 bathrooms, and a state-of-the-art mixing station with sleek dark tile. The first floor is accessible by both staircase and elevator. The second floor includes 7 treatment rooms with plumbing, 2 additional bathrooms, a dedicated breakroom, an office, and a notable room featuring a wall built with Himalayan salt bricks; it also includes a naturally well-lit breakroom. The third floor is configured as a four-bedroom penthouse residence with an expansive open floor plan, soaring ceilings, and floor-to-ceiling windows. The penthouse includes a chef’s kitchen with a large island, wine refrigerator, built-in oven and microwave, and a six-burner gas cooktop with a grilling area, plus a separate full-length wet bar and coffee station with two dishwashers and ample storage. The dining and living areas are arranged around a fireplace, and there is a private balcony off the kitchen with city views. A spiral staircase provides access to a third-floor bedroom with an en-suite half-bath and a rooftop terrace. The property includes two assigned covered parking spaces.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 2000
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,165 SF
Lot 0.12 ac (5,250 SF)
Zoning code DTC
APN 2026-13-0088
UPID US18-2910589

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic Skin Care Clinic
  • Consultant
  • Hair Salon Nail Salon
  • Spa & Massage Center Alternative Medicine Practice
  • Hair Salon

Location

1345 2Nd St Sarasota, FL 34236
Sarasota metro Census 103 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.87M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.36M
Blend (final) Blend
$3.83M

Owner & transaction history

since 2021
Last sale
$3.4M
4 recorded transactions
2021
$3.4M
1999
Price N/A
1998
$235,000
1969
Price N/A

Zoning & alternative use

DTC · Sarasota, FL
Zoning description

screening between registered vacation rentals and single family uses; modify the definition for restaurants and add language to facilitate outdoor restaurants and seating; permit mobile food trucks as a permitted use in…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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