1255 N Gulfstream Ave - Apartments CONDO FOR SALE


Sarasota, FL 34236- Downtown Sarasota
$5,200,000 USD
941-685-5869
1255 N Gulfstream Ave, Sarasota, FL for Sale
$5,200,000 USD
Apartments CONDO - FOR SALE
1/43
null | Request Cap Rate

1255 N Gulfstream Ave
Sarasota, FL 34236
Downtown Sarasota


HIGHLIGHTS

  • Located in Sarasota’s established downtown bayfront district.
  • Zoned DTB, allowing for diverse commercial uses.
  • Multiple units available with flexible configurations.
  • Modern amenities and spacious interior layouts.

OVERVIEW

Bay Plaza offers a rare opportunity to acquire commercial units in one of Sarasota’s most recognized bayfront addresses. Located at 1258 N Palm Avenue, this property is positioned within the heart of downtown Sarasota, steps from Gulfstream Avenue and the waterfront. The surrounding area continues to thrive with the ongoing Bay Park project and new luxury developments, reinforcing the long-term value of this location. The available 9,527 SF of space is situated on the first floor, providing direct visibility and accessibility for both pedestrian and vehicular traffic. Zoned DTB, the property supports a range of commercial uses, making it an attractive option for investors seeking flexibility and future growth potential. Modern amenities, a spacious floor plan, and multiple unit configurations enhance operational efficiency and tenant appeal. With its proximity to Sarasota’s cultural district, fine dining, and retail destinations, Bay Plaza stands as a cornerstone of the city’s urban fabric. The property’s location offers convenient access to major roadways, including U.S. 41 and I-75, as well as Sarasota-Bradenton International Airport, ensuring connectivity for businesses and clients alike.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$546 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bay Plaza

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

253,978 SF

STORIES

14

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

DTB

APN/PARCEL ID

0000-00-7730,2027-05-3001,2027-05-3002,2027-05-3003,2027-05-3010,2027-05-3013,2027-05-3017,2027-05-3025,2027-05-3027,2027-05-3048,2027-05-3070,2027-05-3076,2027-05-3082,2027-05-3085,2027-05-3086,2027-05-3087,2027-05-3100,2027-05-3103,2027-05-3104

ASK ABOUT THIS PROPERTY

Joe C HembreeHembree & Associates, Inc.More Info
941-685-5869

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Joe C HembreeHembree & Associates, Inc.More Info
941-685-5869

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.