Located at the intersection of Lemon Ave. and 4th Street in the Rosemary District of Downtown Sarasota, this sale consists of two parcels located at the traffic-lit intersection (1503 4th St.) and just to the east (1525 4th St.). These retail parcels contain the well known Station 400 restaurant as well as the retail strip just to the east consisting of the new Oasis Restaurant and Bar, the established Blue Rooster Bar and Venue, and the Vin Cella high end wine storage facility. For more info regarding lease rates and expirations please execute the electronic Confidentiality Agreement by clicking on the documents tab to access the rent roll. The Seller of the property is also the operator of the Blue Rooster and is willing to consider including selling the business as a part of the deal as well. The entire site totals 45,302 SF or 1.04 acres. Should the Buyer wish to develop the site down the road, this allows for 41 units by right according to DTE zoning however the Rosemary District Overlay gives potential for added density if certain requirements are met for affordable housing. The Owner is currently looking to lease the Blue Rooster space as well.
Located at the intersection of Lemon Ave. and 4th Street in the Rosemary District of Downtown Sarasota, this sale consists of two parcels located at the traffic-lit intersection (1503 4th St.) and just to the east (1525 4th St.). These retail parcels contain the well known Station 400 restaurant as well as the retail strip just to the east consisting of the new Oasis Restaurant and Bar, the established Blue Rooster Bar and Venue, and the Vin Cella high end wine storage facility. For more info regarding lease rates and expirations please execute the electronic Confidentiality Agreement by clicking on the documents tab to access the rent roll. The Seller of the property is also the operator of the Blue Rooster and is willing to consider including selling the business as a part of the deal as well. The entire site totals 45,302 SF or 1.04 acres. Should the Buyer wish to develop the site down the road, this allows for 41 units by right according to DTE zoning however the Rosemary District Overlay gives potential for added density if certain requirements are met for affordable housing. The Owner is currently looking to lease the Blue Rooster space as well.
