1255 N Gulfstream Ave
Sarasota, FL 34236 Downtown Sarasota

• Unit Size: 9,527 SF
• Condo Use: Office/Retail
• Price: $5,200,000 USD
• Sale Type: Investment or Owner User
• Price/SF: $545.82 USD

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.

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.