$9,700,000
40 S Blvd Of The Presidents Sarasota, FL 34236
For Sale MLS# TB8516925
9,313 sq ft Commercial
Details for 40 S Blvd Of The Presidents
MLS# TB8516925
Description for 40 S Blvd Of The Presidents, Sarasota, FL, 34236
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.
Listing Information
Property Type: Commercial, Mixed Use
Status: Active
Lot Size: 0.11 Acres
Square Feet: 9,313 sq ft
Year Built: 1964
Stories: 2 Story
Construction: Brick,Metal Frame,Concrete
Subdivision: Saint Armands Div John Ringling Estates
Foundation: Slab
County: Sarasota
Utilities
Cooling: Central Air
Exterior / Lot Features
Roof: Built-Up
Driving Directions
From the roundabout at Fruitville Rd. and N. Tamiami Trail, take the third exit onto N. Tamiami Trail. Turn West onto Gulfstream Ave. This road becomes John Ringling Causeway. At St. Armand's Cir., take the third exit onto Blvd. of the Presidents. Subject is the last building, corner unit.
Financial Considerations
Tax/Property ID: 2014050106
Tax Amount: 55864
Tax Year: 2024
A broker reciprocity listing courtesy: LPT REALTY, LLC
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 40 S Blvd Of The Presidents
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 40 S Blvd Of The Presidents
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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