1219 1ST Street

Description

Prime downtown Sarasota location! This 5,795 sq. ft. commercial building on a 0.12-acre lot offers unmatched potential for business owners and investors seeking a presence in one of the most vibrant areas of the city. The property features a new roof completed in 2023, giving peace of mind and reducing near-term capital expenses. The current zoning allows for a wide range of commercial uses and provides the potential for vertical development of up to 18 stories, subject to site limitations, approvals, and buyer due diligence. While the current lot size may affect what can be built, this flexibility in zoning makes the property a valuable long-term investment opportunity. The property is positioned in one of the most desirable and walkable sections of downtown Sarasota. Just a few doors down from the Sarasota Opera House, minutes from the Van Wezel Performing Arts Hall, Bayfront Park, and Sarasota's renowned waterfront. The location also provides quick access to Ringling College of Art & Design and the Ringling Museum, making this a central hub for arts, culture, and commerce. St. Armands Circle, Lido Key, and Sarasota-Bradenton International Airport are all a short drive away. Downtown Sarasota continues to experience strong growth, with new luxury residences, hotels, dining, and retail creating unmatched energy in the area. Owning property here positions investors to benefit from Sarasota's continued expansion as a top destination for both visitors and residents.