40 South Boulevard Of The Presidents

40 South Boulevard Of The Presidents

Sarasota, FL 34236

$10,500,000
Price
—
Beds
9,313 Sq. Ft.
$1,127 / Sq. Ft.
9,313
Sq. Ft.
$1,127
per Sq. Ft.

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Description

ONE-OF-A-KIND, FABULOUS COMMERCIAL OPPORTUNITY with this EXPANSIVE, END-UNIT BUILDING in the heart of prestigious ST. ARMAND'S CIRCLE in Sarasota! This property is currently a two story building, though the City of Sarasota has APPROVED THE ADDITION OF A THIRD FLOOR, making it THE ONLY THREE STORY BUILDING in all of St. Armand's! St. Armand's Circle is known for its high-end boutiques, unique specialty shops, exquisite restaurants, and amazing art galleries, and it is THE place to be for SW Florida...ONE-OF-A-KIND, FABULOUS COMMERCIAL OPPORTUNITY with this EXPANSIVE, END-UNIT BUILDING in the heart of prestigious ST. ARMAND'S CIRCLE in Sarasota! This property is currently a two story building, though the City of Sarasota has APPROVED THE ADDITION OF A THIRD FLOOR, making it THE ONLY THREE STORY BUILDING in all of St. Armand's! St. Armand's Circle is known for its high-end boutiques, unique specialty shops, exquisite restaurants, and amazing art galleries, and it is THE place to be for SW Florida tourism! Nestled between Downtown Sarasota and Longboat Key and Lido Key beaches, Sarasota Bay and the Gulf of Mexico, it is a high-traffic, high retail and dining area, close to some of Sarasota's finest luxury hotels and yacht clubs. St. Armand's seems to have a pulse all its own, and it is something you must experience to truly appreciate the rich, vibrancy and culture that truly IS SAINT ARMAND'S CIRCLE! With rich, classic architecture and great modern amenities and updates throughout, this property presents a very unique opportunity for investors or businesses looking to establish themselves in a thriving, upscale market area, rich in tourism and culture! This property boasts a range of features and updates, making it a compelling opportunity for buyers seeking a comfortable, modern multi-use space . The first floor features FORTY FEET OF WINDOW FRONTAGE for great interior visibility and plenty of natural light, gorgeous, rich tongue and groove ceiling feature, tile flooring throughout, 2 restrooms, storage room, office (which can be converted back to a third restroom), a large bar / concierge / service desk, a wine cellar, and a 1,000sf full commercial kitchen with two entrances and a walk-in cooler. The second floor features a total of nine various sized office suites, two restrooms, and an FCAP room, all with BRAND NEW LVP FLOORING spanning the entire second floor. This provides an excellent opportunity for versatility for a range of businesses and / or lease options. Currently, two of the offices have tenants who are on month-to-month leases, providing ease and flexibility for the new owners. You can easily access the second - AND SOON TO BE THIRD FLOOR - via either of the TWO INTERIOR STAIRWAYS or the INTERIOR ELEVATOR. Should you choose to rent out the second floor or any of its offices, you'll have peace of mind in the lock-out feature from the stairway / elevator corridor, thus securing the first floor business and its contents. The culmination of first and second floor indoor space spans an impressive 9,313sf, providing plenty of room to take advantage of the multi-use zoning. This building was structured to accommodate a SIX STORY BUILDING! There truly is nothing else like it in St. Armand's! In addition to its current layout, the seller is in the permitting phase of adding a third floor, further enhancing its potential as well as its value! There are more than 360 parking spaces within one block, 56 right in front of the building. This building was professionally inspected in 2023. Overall, there are 16 HVAC units, ranging in age from 1997-2022. Sellers have rented the first floor for more than $37,000 / month, triple net, and a portion of the upstairs offices for more than $13,000 / month, triple net.
  1. Listed by Patricia Maxey • LPT REALTY
  2. Listed by LPT REALTY

Property Details for 40 South Boulevard Of The Presidents

Subdivision Name
SAINT ARMANDS DIV JOHN RINGLING ESTATES
Township
36S
Waterfront
No

Location

Listing Courtesy of LPT REALTY, Patricia Maxey; LPT REALTY,
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LISTING UPDATED: 03/21/2024 02:45 PM

Property Details for 40 South Boulevard Of The Presidents

StatusActive
MLS #T3512818
Days on Market43
Taxes$53,925 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Mixed Use
Year Built1964
Lot Size0.11 AC / 5,000 SF
CountySarasota County

Location

Listing Courtesy of LPT REALTY, Patricia Maxey; LPT REALTY,
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Building Information for 40 South Boulevard Of The Presidents

Stories2Residences-Year Built1964Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$61,797 per month

30 year fixed, 7.25% Interest

Principal and Interest

$57,303

Property Taxes

$4,494

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 40 South Boulevard Of The Presidents

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 10000.0
  • Building Area Units: Square Feet
  • 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.
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Road Frontage Type: Access Road, Alley, City Street
  • Unit Number: No
  • Street Number: 40
  • Street Direction Prefix: S
  • Street Name: BLVD OF THE PRESIDENTS
  • State: FL
  • City: SARASOTA
Taxes and HOA Information
  • Tax Block: 11
  • Tax Book Number: 2-30
  • Tax Legal Description: LOT 1 BLK 11 ST ARMANDS DIVISION
  • Tax Lot: 1
  • Tax Year: 2023
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Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 2014050106
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: CT
  • Living Area: 9313
Property and Assessments
  • Year Built Numeric: 1964
  • Flood Zone Code: AE
  • Flood Zone Panel: 12115C0129F
  • New Construction: No
  • Public Survey Range: 17E
  • Public Survey Section: 26
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Concrete, Metal Frame
  • Foundation Details: Slab
  • Pool: None
  • Pool Private: No
  • Roof: Built-Up
  • Waterfront Feet Total: 0
  • Number Of Stories: 2
Interior Features
  • Cooling: Central Air
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No

Property History for 40 South Boulevard Of The Presidents

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 40 South Boulevard Of The Presidents

Taxable ValueLand$1,378,000Additions$2,263,800Total$3,641,800
Tax Record2023$53,925 ($4,494 / month)
Home Facts
Baths5Total Finished SqFt9,313 SqFtAbove Grade Finished SqFt9,313 SqFtStories2Lot Size5,000 SqFtStyleShopping CenterYear Built1964Year Renovated2000ZoningCTCountySARASOTAAPN2014-05-0106

Schools near 40 South Boulevard Of The Presidents

This home is within Sarasota.
Rating
School
Type
Grades
Distance
Southside Elementary School
Public - PK to 5
Booker Middle School
Public - 6 to 8
Sarasota Military Academy
Charter - 6 to 12
Sarasota School Of Arts/Sciences
Charter - 6 to 8
Rating
School
Distance
Southside Elementary School
PublicPK to 5

Booker Middle School
Public6 to 8

Sarasota Military Academy
Charter6 to 12

Sarasota School Of Arts/Sciences
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 40 South Boulevard Of The Presidents, Sarasota, FL 34236

40 South Boulevard Of The Presidents is a multi-family home for sale in Sarasota, FL 34236. This property was listed for sale on March 19, 2024 by LPT REALTY, it's currently listed at $10,500,000. It has been on the market for a total of 43 days and was last sold on November 10, 2009. This listing's school district is Sarasota. Nearby schools include Southside Elementary School, Booker Middle School and Sarasota Military Academy. 40 South Boulevard Of The Presidents is a 0-bed, 0-bath, 9,313 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LPT REALTY, Patricia Maxey; LPT REALTY,

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.