1419 & 1427 7TH STREET
Sarasota, FL 34236
$2,495,000
Capture an opportunity to acquire one of the remaining development sites in Sarasota’s Rosemary Arts and Design District. This 13,300-square-foot property offers Downtown Edge zoning within the Rosemary Residential Overlay District, with potential for a five-story, 31-residence condominium or mixed-use project and up to 31 parking spaces, subject to applicable zoning, governmental approvals and development requirements.
Located approximately 100 feet from Central Avenue and blocks from Sarasota Bay and downtown Sarasota, the property is positioned near the Rosemary District’s growing collection of restaurants, art galleries, shops and design destinations.
The site currently includes two commercial buildings generating more than $3,900 in combined monthly rental income and 11 paved parking spaces, providing income while future development plans are considered. The tenant has a triple-net lease. Tenants have invested more than $150,000 in building improvements and improvements to the paved parking area. New roofs were installed on both buildings in 2006, and both buildings were tented for wood-destroying organisms in 2017.
A contemporary condominium development is planned across Seventh Street. The listing agent can provide additional information regarding the proposed project.
The property is being offered subject to existing lease terms through May 2027. Tenants have a right of first refusal on contracts written before May 2027.
With its development potential, existing income and location within the Rosemary Arts and Design District, this property presents an opportunity to establish a presence in one of downtown Sarasota’s evolving districts.
****ADJACENT VACANT LAND MLS A4706492 TOGETHER WITH THIS PROPERTY OFFERS ...
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Listing Courtesy of: PREMIER SOTHEBY'S INTERNATIONAL REALTY
941-364-4000
| Listing Id: | A4706531 |
|---|---|
| List Price: | $2,495,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Mixed Use |
| Status: | Active |
| Living Area: | 2,047 |
| Tax Annual Amount: | $15,475 |
| Lot Size Square Feet: | 13,352 |
| Lot Size Acres: | 0.31 |
| Waterfront?: | No |
| City: | Sarasota |
| County Or Parish: | Sarasota |
| Subdivision Name: | Rosemary District |
| Postal Code: | 34236 |
| Year Built: | 1985 |
| Number Of Units Total: | 2 |
| Appliances: | Refrigerator |
| Building Area Source: | Public Records |
| Building Area Total: | 2441 |
| Building Area Units: | Square Feet |
| Direction Faces: | South |
| Foundation Details: | Crawlspace |
| Construction Materials: | Concrete, Other, Wood Siding |
| Cooling: | Central Air |
| Gross Scheduled Income: | $47,208 |
| Directions: | Downtown Sarasota Rosemary District: From US41, east on Fruitville, north/left on Central, right on 7th Street. Property consists of 1st and 2nd buildings on your left/north side of street. |
| Flooring: | Carpet |
| Gross Income: | $47,208 |
| Levels: | One |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Features: | Central Business District, Historic District, City Limits, Paved |
| Lot Size Acres: | 0.31 |
| Lot Size Dimensions: | 100x133.5 |
| Postal Code Plus4: | 4005 |
| MLS Area Major: | 34236 - Sarasota |
| MLS Area Major: | 34236 - Sarasota |
| Net Operating Income: | $28,208 |
| Original List Price: | $2,495,000 |
| Parcel Number: | 2026060034 |
| Parking Features: | Common, Curb Parking |
| Stories Total: | 1 |
| Township: | 36 |
| Road Frontage Type: | Business District, City Street, Main Throrughfare |
| Road Surface Type: | Paved |
| Roof: | Metal, Shingle |
| Listing Terms: | Cash |
| Tax Year: | 2025 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Utilities: | BB/HS Internet Capable, Electricity Available, Public, Water Connected |
| Water Source: | Public |
| Number Of Lots: | 2 |
| Property Condition: | Completed |
| Public Survey Range: | 18 |
| Public Survey Section: | 19 |
| Zoning: | DTE |
| Vegetation: | Trees/Landscaped, Wooded |
| Window Features: | Aluminum Frames |
| Building Features: | Bathrooms |
| Adjoining Property: | Commercial, Undeveloped |
| Alternate Key Folio Num: | 2026060034 |
| Annual Expenses: | 19000 |
| Annual Income Type: | Actual |
| Building Area Total Srch Sq M: | 226.78 |
| Calculated List Price By Calcula: | 1022.12 |
| Ceiling Height: | 8 to 9 Feet |
| Ceiling Type: | Acoustical |
| Condo Environment Yn: | No |
| Easements: | Other |
| Flood Zone Code: | X |
| Flood Zone Date: | 2024-03-27 |
| Flood Zone Panel: | 12115C0133G |
| Green Verification Count: | 0 |
| Living Area Meters: | 190.17 |
| Lot Size Square Meters: | 1240 |
| Management: | Owner Manager |
| Office Retail Space Sq Ft: | 2047 |
| Realtor Info: | Brochure Available, Currently Leased, Survey Available |
| Road Frontage Ft: | 100 |
| Sale Includes: | Building(s) and Land, Leases |
| Sdeo yn: | No |
| Total Acreage: | 1/4 to less than 1/2 |
| Total Num Buildings: | 2 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Signage: | None |
| Road Responsibility: | Public Maintained Road |
| Attribution Contact: | 941-364-4000 |
| Originating System Name : | Stellar MLS |
| Green Energy Generation Yn: | No |
| Number Of Separate Electric Meters: | 2 |
| Designated Builder Yn: | No |
| Number Of Separate Water Meters: | 2 |
| Listing Contract Date: | 2026-09-17 |
| Income Includes: | Rent Only |
| Anchor Or Co Tenants: | CPCI |
| Total Parking Spaces: | 31 |
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Property Last Updated: November 06, 2026 12:52 PM - ET
