2040 6th St - Specialty FOR SALE


Sarasota, FL 34237- Downtown Sarasota
$1,850,000 USD
941-809-6905
2040 6th St, Sarasota, FL for Sale
$1,850,000 USD
Specialty - FOR SALE
1/3
null | Request Cap Rate

2040 6th St
Sarasota, FL 34237
Downtown Sarasota


HIGHLIGHTS

  • Located in Sarasota’s Downtown Neighborhood zoning district
  • Positioned within a federally designated Opportunity Zone
  • Secure income stream with tenant in place through July 2026
  • Minutes from Downtown Sarasota and major transportation routes

OVERVIEW

Positioned just east of US-301 and minutes from Downtown Sarasota, 2040 6th Street offers a rare investment opportunity in one of Florida’s most dynamic markets. This 1.04-acre property features a 7,257 SF building under DTN zoning, allowing for a wide range of uses including office, educational, and institutional purposes. Its inclusion in an Opportunity Zone enhances long-term value with significant tax advantages for investors. Currently leased to a single tenant through July 2026, the property provides immediate income stability while offering exceptional upside for redevelopment. Under current zoning, the site can be transformed into a three-story residential development accommodating up to 35 units—ideal for Sarasota’s growing demand for urban living. The location combines convenience and connectivity, with quick access to major thoroughfares, vibrant downtown amenities, and Sarasota’s cultural attractions. Surrounding neighborhoods boast strong demographics, including an average household income exceeding $96,000 within one mile. This property is perfectly suited for investors seeking a blend of current cash flow and future development potential in a thriving coastal city.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$255 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

DTN

APN/PARCEL ID

2028-12-0048

ASK ABOUT THIS PROPERTY

George BruscoIan Black Real EstateMore Info
941-809-6905

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George BruscoIan Black Real EstateMore Info
941-809-6905

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