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.
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.
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
Zoned for condo, residential and Commercial! A trifecta! Live and work downtown. NO CONDO FEES, NO HOA FEES, ON SITE PARKING AND A CORNER LOT.see floorplan and let your imagination run wild. 18 on sit
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