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2080 Constitution Blvd Sarasota, FL 34231-4109

OFF-MARKET Retail space Google Maps
3,344 SF 0.23 ac lot Built 1977
Entity Owned ~ Est. High Equity
Estimated value (blended)
$395k
Range $356k – $435k (±10%)
Property ID US18-1162766

Property summary

AI-generated overview

This 3,344 square foot vacant retail building, located at 2080 Constitution Blvd in Sarasota, Florida (zip code 34231), is offered at $795,000 ($237.74/sq ft). Built in 1977, the single-story structure sits on a single lot and features 12 parking spaces. Previously occupied by an Italian market, the property boasts a triple compartment sink, multiple deli coolers, some remaining deli equipment, an exhaust hood with Ansul system, grease trap, walk-in freezer and cooler, a few offices, and two bathrooms. Additional storage or expansion space is available in the rear, along with a front patio. The building is zoned Commercial Neighborhood (CN), offering a wide range of potential uses. Permitted uses under the CN zoning may include, but are not limited to, live/work spaces, group living facilities, daycare centers, pet grooming businesses, places of worship, bars, and lodges. This property presents a unique opportunity for investors and entrepreneurs seeking a versatile commercial space in a desirable Sarasota location. The property's history as a successful Italian market provides a strong foundation for a variety of future ventures. The ample parking and convenient location further enhance its appeal. This is a prime opportunity to acquire a well-situated commercial property with significant redevelopment potential.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1977
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,344 SF
Lot 0.23 ac (10,150 SF)
Zoning code CN
APN 0086-13-0005
UPID US18-1162766

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$805k
Comparable Approach Comparable
$526k
Blend (final) Blend
$395k

Owner & transaction history

since 2026
3 recorded transactions
2026
$555,000
2008
Price N/A
2002
$485,000

Zoning & alternative use

CN · Sarasota, FL
Zoning description

The intent and purpose of the CN district is to permit small-scale neighborhood oriented commercial facilities and to facilitate their proper development and use through substantial buffering and design techniques to les…

General category COMMERCIAL

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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