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$9,690,000
Saint Armands Div John Ringling Estates SubDv. ⋅ 34236 Zip Code
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.

40 S Blvd Of The Presidents, Sarasota
$3,200,000
John Ringling Estates St Armands Div 01 SubDv. ⋅ 34236 Zip Code
Incredible Potential on Saint Armands Key 244 North Washington Drive, Sarasota, FL. Also available as "To be built. Pre-Construction This 8,923 sq ft bayfront lot offers an extraordinary opportunity to create your custom dream home in one of Sarasota’s most coveted locations — Saint Armands Key. Just steps from the iconic Saint Armands Circle, Lido Shores, and City Island, and only a short drive over the Ringling Causeway to vibrant downtown Sarasota, this property perfectly balances island serenity and city sophistication. The generous lot allows ample space for a private pool and hot tub, ideal for coastal living, and provides the flexibility to design a new residence tailored to your vision. A rare bayfront gem, this property delivers unbeatable location, sweeping water views, and limitless potential to craft your perfect island retreat. Don’t miss this opportunity to invest in one of Sarasota’s most desirable waterfront neighborhoods. Dock was removed 2026.

244 N Washington Drive, Sarasota