423 N Lemon Ave 4,483 SF Retail Building Sarasota, FL 34236 $2,500,000 ($557.66/SF)

Retail Freestanding Downtown Sarasota | Rosemary District
A rare opportunity in the heart of Sarasota's Rosemary District. 423 N Lemon Avenue features two freestanding retail/office buildings totaling 5,059/SF GBA (4,483/SF leasable) on a fully fenced 11,300 SF corner lot at N Lemon Avenue and 5th Street. Gut renovated in 2022 with over $500,000 spent on extensive structural support, HVAC, full electrical, updated systems, and modern upgrades. Main building is 3,704/SF with high ceilings and small mezzanine. Rear building is 779/SF currently used for office and storage.
A fully fenced and secured outdoor courtyard and prime corner visibility give this property something most downtown buildings simply do not have: a built-in social gathering space. Potential use: restaurant with covered patio dining, a craft brewery with a shaded beer garden, or a coffee roastery and tasting room. The fenced perimeter and dual-building layout also support a distillery, medspa, event venue, boutique fitness or wellness studio (it currently houses a thriving CrossFit gym), creative office, private members club, or specialty medical practice.
Downtown Edge (DTE) zoning is one of the most permissive districts in the city, welcoming retail, office, medical and professional, restaurant, personal services, and residential mixed-use. Long-term redevelopment upside with a covered land play.
This is one of downtown's most active redevelopment corridors, where new luxury residential and mixed-use projects continue to reshape the streetscape. The property puts you within an easy walk of Bay Park, dozens of restaurants, hotels, galleries, and shops, while keeping you connected to the broader downtown business district and the cultural energy that makes this submarket one of the strongest in Florida.
Perfect for an owner-user, investor, or developer who wants cash flow now and a redevelopment later - 423 N Lemon delivers on all three. Offered at $2,500,000.