About 40 S Blvd Of The Presidents
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.
Features of 40 S Blvd Of The Presidents
| MLS® # | TB8516925 |
|---|---|
| Price | $9,690,000 |
| Square Footage | 9,313 |
| Acres | 0.11 |
| Year Built | 1964 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Listing Details
| Office | LPT REALTY, LLC |
|---|
Listing Map
Neighborhood Information for 40 S Blvd Of The Presidents
Very Rapid Population Growth, Moderate Residential Turnover, Coastal Area
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Out-Of-Door Academy Private - Preschool to 5Th Grade - Closest Elementry School |
2 Miles | |
|
Sarasota School Of Arts/Sciences Public - 6Th Grade to 8Th Grade |
3 Miles | |
|
Southside Elementary School Public - Kindergarten to 5Th Grade |
3 Miles | |
|
Sarasota Military Academy Public - 9Th Grade to 12Th Grade |
3 Miles | |
|
|
Sarasota High School Public - 9Th Grade to 12Th Grade - Closest High School |
3 Miles | |
|
|
Westcoast School For Human Development Private - Kindergarten to 12Th Grade - Closest Middle School |
3 Miles | |
|
|
Children First Public - Preschool to Preschool |
3 Miles |
School data provided by GreatSchools