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1322 Tamiami Trail, SARASOTA, FL 34236
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  • MLS#: A4627132 ( Commercial Sale )
  • Street Address: 1322 Tamiami Trail
  • Viewed: 45
  • Price: $2,740,000
  • Price sqft: $626
  • Waterfront: No
  • Year Built: 1933
  • Bldg sqft: 4376
  • Days On Market: 200
Description
Discover a rarely available gem located at the gateway to downtown Sarasota. The historic Reserve Retreat is positioned with prime visibility in the vibrant downtown arts district. Set on a 0.26 acre lot with frontage along North Tamiami Trail/US41 as well as along 14th Street, this property is Urban Mixed Use NT (North Trail) and offers exceptional potential for a live work situation or a host of other opportunities with its unique blend of 3 freestanding Mixed Use buildings. Current income streams include 6 beautifully appointed en suite hotel rooms (3 with kitchens) a lively caf, and a restaurant tenant, all centered around a charming al fresco courtyard, and the property comes with two 2COP Beverage licenses. Building One is 2,080 sq. ft. with a tenant occupied ground floor (including kitchen and half bath) and 2 upstairs rooms with private baths; Building Two has 1,240 sq. ft. featuring a ground floor caf and half bath, plus 2 additional upstairs rooms with baths; and Building Three is 960 sq. ft. with 2 en suite rooms and an attached laundry area. All new roofs! The Reserve Retreat is minutes from stunning beaches, theaters, museums, galleries, and more, and is only 3 miles from the Sarasota/Bradenton International Airport. This is an exciting opportunity for those seeking a beautiful property with endless possibilities.
Description
Discover a rarely available gem located at the gateway to downtown Sarasota. The historic Reserve Retreat is positioned with prime visibility in the vibrant downtown arts district. Set on a 0.26 acre lot with frontage along North Tamiami Trail/US41 as well as along 14th Street, this property is Urban Mixed Use NT (North Trail) and offers exceptional potential for a live work situation or a host of other opportunities with its unique blend of 3 freestanding Mixed Use buildings. Current income streams include 6 beautifully appointed en suite hotel rooms (3 with kitchens) a lively caf, and a restaurant tenant, all centered around a charming al fresco courtyard, and the property comes with two 2COP Beverage licenses. Building One is 2,080 sq. ft. with a tenant occupied ground floor (including kitchen and half bath) and 2 upstairs rooms with private baths; Building Two has 1,240 sq. ft. featuring a ground floor caf and half bath, plus 2 additional upstairs rooms with baths; and Building Three is 960 sq. ft. with 2 en suite rooms and an attached laundry area. All new roofs! The Reserve Retreat is minutes from stunning beaches, theaters, museums, galleries, and more, and is only 3 miles from the Sarasota/Bradenton International Airport. This is an exciting opportunity for those seeking a beautiful property with endless possibilities.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Flooring: Other
  • Living Area: 4280.00
  • Roof: Other, Shingle
Property Information
  • Property Condition: Completed
Land Information
  • Lot Features: Corner Lot, Historic District, City Limits, Neighbourhood, Other, Oversized Lot, Sidewalk
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Parking Spaces - 6 to 12
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Ductless, Other, Wall/Window Unit(s)
  • Road Frontage Type: City Street, Main Throrughfare, Other
  • Sewer: Public Sewer
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2023
Other Features
  • Country: US
  • Legal Description: LOTS 3 & 4 LESS ROW TO STATE RD DEPT BLK B REV PLAT OF VALENCIA TERRACE
  • Levels: Two
  • Area Major: 34236 - Sarasota
  • Occupant Type: Tenant
  • Parcel Number: 2025050041
  • Possession: Negotiable
  • Views: 45
  • Zoning Code: NT
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Contact Info

Headshot for Associate Marian Casteel
  1. Marian Casteel, BrkrAssc,REALTOR ®
  2. Tropic Shores Realty
  3. CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
  4. Mobile: 352.601.6367
  5. Mobile: 352.601.6367
  6. 352.601.6367
  7. mariancasteel@yahoo.com