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Active - Mixed Use for sale
1419 & 1427 7TH STREET, Sarasota, FL
Facts & features
Why you’ll love it
Capture an opportunity to acquire one of the remaining development sites in Sarasota’s Rosemary Arts and Design District. This 13,300-square-foot property offers Downtown Edge zoning within the Rosemary Residential Overlay District, with potential for a five-story, 31-residence condominium or mixed-use project and up to 31 parking spaces, subject to applicable zoning, governmental approvals and development requirements. Located approximately 100 feet from Central Avenue and blocks from Sarasota Bay and downtown Sarasota, the property is positioned near the Rosemary District’s growing collection of restaurants, art galleries, shops and design destinations. The site currently includes two commercial buildings generating more than $3,900 in combined monthly rental income and 11 paved parking spaces, providing income while future development plans are considered. The tenant has a triple-net lease. Tenants have invested more than $150,000 in building improvements and improvements to the paved parking area. New roofs were installed on both buildings in 2006, and both buildings were tented for wood-destroying organisms in 2017. A contemporary condominium development is planned across Seventh Street. The listing agent can provide additional information regarding the proposed project. The property is being offered subject to existing lease terms through May 2027. Tenants have a right of first refusal on contracts written before May 2027. With its development potential, existing income and location within the Rosemary Arts and Design District, this property presents an opportunity to establish a presence in one of downtown Sarasota’s evolving districts. ****ADJACENT VACANT LAND MLS A4706492 TOGETHER WITH THIS PROPERTY OFFERS A 62 UNIT DEVELOPMENT OPPORTUNITY.***
Listings courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTY as distributed by MLS GRID.
Listed by: Frank Lambert • frank.lambert@premiersir.com • PREMIER SOTHEBY'S INTERNATIONAL REALTY
Co-listed by: Anita Lambert • PREMIER SOTHEBY'S INTERNATIONAL REALTY
Source: Stellar MLS as distributed by MLS GRID, MLS#: A4706531
Based on info available as of Nov 13, 2026 at 12:33 PM EST.
Come see by yourself
Affordability
$13,906/mo
- Mortgage$12,616
- Property tax$1,290
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
$49,900 Credit back
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Travel times
About Rosemary District
This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
Based on information submitted to the MLS GRID as of Nov 13, 2026 at 12:33pm EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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$49,900 Credit back
