40 S Blvd of the Presidents Sarasota Florida | Real Estate for Sale

Rare Mixed-Use Investment & Redevelopment OpportunityUnique 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 Floridas 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 Highlights10,000 SF two-story commercial buildingCorner property with three street frontagesStabilized income componentFlexible second-floor configurationApproved vertical expansionAir rights / redevelopment upsideReinforced concrete and steel constructionRare St. Armands Key locationHurricane-resilient structureRear loading and unloading areaDirect owner offeringAir Rights & Vertical ExpansionThe 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 Sarasotas most desirable island markets.