Commercial Sale · Industrial
5431 COMMUNICATIONS PARKWAY UNIT 20, SARASOTA, FL, 34240
Active9 days on marketListed Jul 30, 2026MLS #A4701330
About this property
The property at a glance
Welcome to Luxe Dream Garage, Sarasota’s premier gated luxury garage condominium community. This 1,262 sq. ft. climate-controlled garage condo offers a rare opportunity to create the ultimate custom automotive retreat. Delivered as a blank canvas, the space is ready for your vision—whether that’s a showroom-quality garage, workshop, private collection space, or an upscale entertainment area. The unit features soaring 21-foot ceilings, a large overhead garage door, climate control, and ample space to comfortably accommodate four to six vehicles on the ground with room for an additional vehicle on a lift. The generous ceiling height also provides the opportunity to add a spacious mezzanine, creating the perfect man cave, lounge, office, or entertainment space overlooking your collection. Luxe Dream Garage is designed for automotive enthusiasts who appreciate security, convenience, and community. Ownership includes access to the gated facility’s two-story clubhouse featuring an elevator, full kitchen, conference rooms, outdoor terrace with grilling area, and gathering spaces for owners and enthusiasts. Whether you’re protecting an exotic, classic, luxury, or collector vehicle, this is your opportunity to design a one-of-a-kind automotive showcase tailored to your lifestyle.
1,262
Building sq ft
$456
Price / sq ft
5.4
Lot acres
2024
Year built
4
Buildings
PCD
Zoning
Industrial
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$3,083/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
16,356
Population
$126,048
Median income
51.4
Median age
2.55
Avg household
$622,100
Median home value
$2,306/mo
Median rent
1,604
Households w/ kids
Recent sales
What actually sold near 5431 COMMUNICATIONS PARKWAY UNIT 20
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,175,000
5401 PALMER BOULEVARD
4,000 sqft · $294/sqft · Sold Aug 21, 2024
$371,751
7321 TRADE COURT
25,888 sqft · $14/sqft · Sold Jul 3, 2026
$410,000
3389 MAGIC OAK LANE UNIT 3389
1,250 sqft · $328/sqft · Sold Jun 25, 2026
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 5431 COMMUNICATIONS PARKWAY UNIT 20 — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 5431 COMMUNICATIONS PARKWAY UNIT 20.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of COLDWELL BANKER REALTY · Randy Fallon. MLS #A4701330.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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