40 S BLVD OF THE PRESIDENTS SARASOTA FL 34236 MLS #TB8516925

Rare Mixed-Use Investment & Redevelopment Opportunity

Unique in its kind and virtually impossible to replicate, this prominent 10,000 SF mixed-use commercial asset is located within the one and only St. Armands Key district, one of the most exclusive and supply-constrained retail and dining destinations on Florida’s Gulf Coast.

Positioned on a highly visible corner lot with three street frontages, the property combines stabilized income with exceptional long-term redevelopment potential.

The ground floor is currently leased to an operating restaurant under a five-year lease commenced August 2025, providing immediate income to the new owner. The second floor offers flexible office, hospitality, or repositioning opportunities.

Constructed of reinforced concrete, steel, and glass, the structure was originally engineered to support vertical expansion. The city has already approved one additional 5,000 SF level, with potential for further expansion subject to review and approval.

?

Investment Highlights

10,000 SF two-story commercial building
Corner property with three street frontages
Stabilized income component
Flexible second-floor configuration
Approved vertical expansion
Air rights / redevelopment upside
Reinforced concrete and steel construction
Rare St. Armands Key location
Hurricane-resilient structure
Rear loading and unloading area
Direct owner offering
Air Rights & Vertical Expansion
The current building height is approximately 22 feet. The city has already approved one additional 5,000 SF level, and the structure was originally engineered to support up to six stories, subject to future review and approval.
This creates a rare opportunity for long-term redevelopment and value creation in one of Sarasota’s most desirable island markets.