1530 Dolphin St - Storefront FOR SALE


Sarasota, FL 34236- Downtown Sarasota
$4,250,000 USD
941-724-2321
1530 Dolphin St, Sarasota, FL for Sale
$4,250,000 USD
Storefront - FOR SALE
1/10
null | Request Cap Rate

1530 Dolphin St
Sarasota, FL 34236
Downtown Sarasota


HIGHLIGHTS

  • Convenient access to Sarasota’s vibrant core, the bayfront, and the eclectic Burns Court district

OVERVIEW

Rare opportunity to acquire a premier, income-producing asset in one of Sarasota’s most vibrant downtown corridors. Positioned on the northern edge of the iconic Burns Court district, 1530 Dolphin Street features an 11,494 SF multi-tenant commercial building on a 0.488-acre corner lot, offering strong visibility across multiple street frontages and generous on-site parking. Zoned Downtown Core (DTC), the property supports a wide range of commercial uses and presents a truly compelling redevelopment opportunity. The DTC zoning allows for a base density of 50 units per acre, expandable up to 200 units per acre through the City’s affordable housing bonus program—requiring only a 15% affordable component on the additional density. On this site, that equates to up to approximately 97 residential units, making it an ideal candidate for mixed-use, multifamily, or boutique hospitality development. Whether you’re a developer, investor, or owner-user, this property delivers compelling value: Developers benefit from prime corner positioning, strong density potential, and surrounding redevelopment momentum. Investors enjoy existing cash flow from multiple tenants while advancing redevelopment plans or entitlement strategies. Owner-users gain a rare downtown foothold with long-term land appreciation and high visibility. The surrounding Burns Court neighborhood is one of Sarasota’s most beloved and walkable districts, celebrated for its independent restaurants, boutique retailers, and vibrant arts scene. The bayfront, Marina Jack, and the energy of Main Street are all within minutes. Nearby condominium and mixed-use projects further validate the demand and trajectory of this highly sought-after submarket.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$370 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

DTC

APN/PARCEL ID

2027-11-0008

ASK ABOUT THIS PROPERTY

Kevin RobbinsHarry E. Robbins Associates, Inc.More Info
941-724-2321

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Kevin RobbinsHarry E. Robbins Associates, Inc.More Info
941-724-2321

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