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1255 N Gulfstream Ave - Bay Plaza 9,527 SF Office/Retail Condo Unit Offered at $7,223,840 CAD in Sarasota, FL 34236
Investment Highlights
- Located in Sarasota’s established downtown bayfront district.
- Multiple units available with flexible configurations.
- Zoned DTB, allowing for diverse commercial uses.
- Modern amenities and spacious interior layouts.
Executive Summary
Bay Plaza is located at 1258 N Palm Avenue in Sarasota, Florida, within the downtown district near Gulfstream Avenue and the bayfront. The property was built in 1982 and offers commercial units on the first floor. It is zoned DTB and provides approximately 9,527 SF of available space within a larger building totaling 253,978 SF. The site is accessible from major roadways including U.S. 41 and is in proximity to Sarasota-Bradenton International Airport. The surrounding area includes cultural venues, retail establishments, and residential developments.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Description
Bay Plaza is a mixed-use condominium property located at 1258 N Palm Avenue in downtown Sarasota, Florida. Constructed in 1982, the building features residential condominium units above and commercial units on the first floor. The available commercial space totals approximately 9,527 SF within a larger building size of 253,978 SF. The property is zoned DTB (Downtown Bayfront), which permits a variety of commercial uses.
The building offers modern amenities and a spacious floor plan within the commercial units. It is positioned along Palm Avenue near Gulfstream Avenue, providing visibility and accessibility in a high-traffic area. The location is within walking distance of Sarasota’s cultural attractions, dining, and retail destinations, and is adjacent to the waterfront and The Bay Park project.
Bay Plaza provides convenient access to U.S. 41 (Tamiami Trail) and is approximately 5 miles from Sarasota-Bradenton International Airport. The surrounding area includes luxury residential developments, office buildings, and hospitality venues, contributing to a vibrant urban environment.
The building offers modern amenities and a spacious floor plan within the commercial units. It is positioned along Palm Avenue near Gulfstream Avenue, providing visibility and accessibility in a high-traffic area. The location is within walking distance of Sarasota’s cultural attractions, dining, and retail destinations, and is adjacent to the waterfront and The Bay Park project.
Bay Plaza provides convenient access to U.S. 41 (Tamiami Trail) and is approximately 5 miles from Sarasota-Bradenton International Airport. The surrounding area includes luxury residential developments, office buildings, and hospitality venues, contributing to a vibrant urban environment.
Sale Notes
Bay Plaza offers a rare opportunity to acquire commercial units in one of Sarasota’s most recognized bayfront addresses. Located at 1258 N Palm Avenue, this property is positioned within the heart of downtown Sarasota, steps from Gulfstream Avenue and the waterfront. The surrounding area continues to thrive with the ongoing Bay Park project and new luxury developments, reinforcing the long-term value of this location.
The available 9,527 SF of space is situated on the first floor, providing direct visibility and accessibility for both pedestrian and vehicular traffic. Zoned DTB, the property supports a range of commercial uses, making it an attractive option for investors seeking flexibility and future growth potential. Modern amenities, a spacious floor plan, and multiple unit configurations enhance operational efficiency and tenant appeal.
With its proximity to Sarasota’s cultural district, fine dining, and retail destinations, Bay Plaza stands as a cornerstone of the city’s urban fabric. The property’s location offers convenient access to major roadways, including U.S. 41 and I-75, as well as Sarasota-Bradenton International Airport, ensuring connectivity for businesses and clients alike.
The available 9,527 SF of space is situated on the first floor, providing direct visibility and accessibility for both pedestrian and vehicular traffic. Zoned DTB, the property supports a range of commercial uses, making it an attractive option for investors seeking flexibility and future growth potential. Modern amenities, a spacious floor plan, and multiple unit configurations enhance operational efficiency and tenant appeal.
With its proximity to Sarasota’s cultural district, fine dining, and retail destinations, Bay Plaza stands as a cornerstone of the city’s urban fabric. The property’s location offers convenient access to major roadways, including U.S. 41 and I-75, as well as Sarasota-Bradenton International Airport, ensuring connectivity for businesses and clients alike.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit CU1, CU2, CU3 | 9,527 SF | Office/Retail | $7,223,840 CAD ($758.25 CAD/SF) | - |
Unit CU1, CU2, CU3
| Unit Size |
| 9,527 SF |
| Condo Use |
| Office/Retail |
| Price |
| $7,223,840 CAD ($758.25 CAD/SF) |
| NOI |
| - |
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Unit CU1, CU2, CU3
| Unit Size | 9,527 SF |
| Condo Use | Office/Retail |
| Price | $7,223,840 CAD ($758.25 CAD/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| Bay Plaza is a mixed-use condominium property located at 1258 N Palm Avenue in downtown Sarasota, Florida. Constructed in 1982, the building features residential condominium units above and commercial units on the first floor. The available commercial space totals approximately 9,527 SF within a larger building size of 253,978 SF. The property is zoned DTB (Downtown Bayfront), which permits a variety of commercial uses.<br> The building offers modern amenities and a spacious floor plan within the commercial units. It is positioned along Palm Avenue near Gulfstream Avenue, providing visibility and accessibility in a high-traffic area. The location is within walking distance of Sarasota’s cultural attractions, dining, and retail destinations, and is adjacent to the waterfront and The Bay Park project.<br> Bay Plaza provides convenient access to U.S. 41 (Tamiami Trail) and is approximately 5 miles from Sarasota-Bradenton International Airport. The surrounding area includes luxury residential developments, office buildings, and hospitality venues, contributing to a vibrant urban environment.</li></ul> | |
| Sale Notes | |
| Bay Plaza offers a rare opportunity to acquire commercial units in one of Sarasota’s most recognized bayfront addresses. Located at 1258 N Palm Avenue, this property is positioned within the heart of downtown Sarasota, steps from Gulfstream Avenue and the waterfront. The surrounding area continues to thrive with the ongoing Bay Park project and new luxury developments, reinforcing the long-term value of this location.<br> The available 9,527 SF of space is situated on the first floor, providing direct visibility and accessibility for both pedestrian and vehicular traffic. Zoned DTB, the property supports a range of commercial uses, making it an attractive option for investors seeking flexibility and future growth potential. Modern amenities, a spacious floor plan, and multiple unit configurations enhance operational efficiency and tenant appeal.<br> With its proximity to Sarasota’s cultural district, fine dining, and retail destinations, Bay Plaza stands as a cornerstone of the city’s urban fabric. The property’s location offers convenient access to major roadways, including U.S. 41 and I-75, as well as Sarasota-Bradenton International Airport, ensuring connectivity for businesses and clients alike.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 253,978 SF | Typical Floor Size | 1,071 SF |
| Property Type | Multifamily (Condo) | Year Built | 1982 |
| Property Subtype | Apartment | Lot Size | 1.54 AC |
| Building Class | B | Parking Ratio | 0.03/1,000 SF |
| Floors | 14 | ||
| Zoning | DTB - Downtown Bayfront District | ||
| Total Building Size | 253,978 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 14 |
| Typical Floor Size | 1,071 SF |
| Year Built | 1982 |
| Lot Size | 1.54 AC |
| Parking Ratio | 0.03/1,000 SF |
| Zoning | DTB - Downtown Bayfront District |
Amenities
Site Amenities
- 24 Hour Access
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 100 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
1 of 44
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1255 N Gulfstream Ave - Bay Plaza
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