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Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,494 SF
Building Class
B
Year Built
1959
Price
$4,250,000
Price Per SF
$369.76
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.54
Lot Size
0.49 AC
Zoning
DTC - Downtown Core District
Parking
24 Spaces (2.09 Spaces per 1,000 SF Leased)
Frontage
211’ on Dolphin St

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • Unit 9 & 10
  • 1,550 SF
  • Retail
  • -
  • Now

Seize the opportunity to lease a 1,550 square foot unit in a prime multi-tenant commercial building located on the northern edge of Burns Court, downtown Sarasota. This highly accessible property is situated on a 0.488-acre corner lot, offering generous parking for both tenants and visitors. The available unit features a welcoming reception area, four private offices, and a restroom, providing an ideal layout for various business needs. With its central location, excellent visibility, and convenient access, this space is perfect for professionals looking to establish themselves in the heart of Sarasota.

Space Size Space Use Position Available
Unit 9 & 10 1,550 SF Retail - Now

Unit 9 & 10

Size
1,550 SF
Space Use
Retail
Position
-
Available
Now

Unit 9 & 10

Size 1,550 SF
Space Use Retail
Position -
Available Now

Seize the opportunity to lease a 1,550 square foot unit in a prime multi-tenant commercial building located on the northern edge of Burns Court, downtown Sarasota. This highly accessible property is situated on a 0.488-acre corner lot, offering generous parking for both tenants and visitors. The available unit features a welcoming reception area, four private offices, and a restroom, providing an ideal layout for various business needs. With its central location, excellent visibility, and convenient access, this space is perfect for professionals looking to establish themselves in the heart of Sarasota.

Walk Score®
Walker's Paradise (96)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Orangetheory Fitness
Club Pilates
BODYBAR Pilates
Starbucks
Hancock Whitney
PNC Bank
Synovus Bank
United Community Bank
Valley National Bank
Bank OZK

Property Taxes

Property Taxes

Parcel Number
2027-11-0008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,119,820
  • Listing ID: 33324233

  • Date on Market: 9/27/2024

  • Last Updated:

  • Address: 1530 Dolphin St, Sarasota, FL 34236

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