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Waterside Place 1561 Lakefront Dr 1,410 SF of Retail Space Available in Lakewood Ranch, FL 34240
Highlights
- Located within Lakewood Ranch, a nationally recognized master-planned community.
- Excellent access to I-75, University Parkway, and UTC retail core.
- Strong area demographics with high household incomes.
- Ideal for design, furnishings, boutique retail, or lifestyle-focused concepts.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 100 | 1,410 SF | 3-5 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
7500 Island Cove Ter - 1st Floor - Ste 100
Positioned within the prestigious Lakewood Ranch community, 7500 Island Cove Place offers a rare opportunity to lease a distinctive space that was previously operated as a high-end home design showroom. The existing buildout features residential-inspired finishes, inviting display areas, and an elevated aesthetic that makes the property uniquely suited for lifestyle retail, boutique design studios, kitchen and bath concepts, furnishings, home services showrooms, or professional firms seeking a warm and hospitality-driven environment. Set within one of the fastest-growing and most affluent communities in the United States, this location benefits from exceptional demographics, strong year-round demand, and access to a large customer base drawn from Lakewood Ranch, University Park, and east Sarasota. The property offers convenient connectivity to University Parkway, I-75, and the regional retail powerhouse surrounding the Mall at University Town Center, creating a strategic position for both destination-oriented and local-serving tenants. The surrounding commercial mix includes specialty retailers, service providers, medical practices, and high-quality neighborhood amenities, reinforcing the property’s alignment with consumer-facing brands. Tenants will appreciate the ability to capitalize on a built-out interior that blends showroom functionality with the warmth of a residential setting, reducing upfront costs while elevating customer experience. With its premium location, memorable design character, and proximity to established residential neighborhoods, 7500 Island Cove Place offers an excellent opportunity for tenants seeking a unique and market-differentiated environment.
- Lease rate does not include utilities, property expenses or building services
- Prime location within affluent Lakewood Ranch.
- Easy access to University Parkway and I-75.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Waterside Place
- Tenant
- Description
- US Locations
- Reach
- Capstan Financial Group
- Finance and Insurance
- 1
- -
- Deep Lagoon Seafood
- Restaurant
- 2
- Local
- Good Liquid Brewing
- Accommodation and Food Services
- 1
- -
- M/I Homes - Sarasota-Manatee
- Other Services
- 19
- National
- Manatee Physicians Alliance
- Health Care and Social Assistance
- 1
- -
- Praxis
- Services
- 1
- -
| Tenant | Description | US Locations | Reach |
| Capstan Financial Group | Finance and Insurance | 1 | - |
| Deep Lagoon Seafood | Restaurant | 2 | Local |
| Good Liquid Brewing | Accommodation and Food Services | 1 | - |
| M/I Homes - Sarasota-Manatee | Other Services | 19 | National |
| Manatee Physicians Alliance | Health Care and Social Assistance | 1 | - |
| Praxis | Services | 1 | - |
Property Facts
| Total Space Available | 1,410 SF | Center Properties | 8 |
| Center Type | Neighborhood Center | Gross Leasable Area | 96,670 SF |
| Parking | 81 Spaces | Total Land Area | 226.02 AC |
| Stores | 41 | Year Built | 2021 |
| Total Space Available | 1,410 SF |
| Center Type | Neighborhood Center |
| Parking | 81 Spaces |
| Stores | 41 |
| Center Properties | 8 |
| Gross Leasable Area | 96,670 SF |
| Total Land Area | 226.02 AC |
| Year Built | 2021 |
About the Property
Waterside Place is positioned on the edge of Kingfisher Lake on a 36 AC site. Waterside Place is Sarasota’s first true lakefront retail and lifestyle destination, designed to be a social and cultural hub for the surrounding community. It includes retail, restaurants, apartments, office space, and ample green and recreation areas, including an 8-acre park featuring a splash pad.
- 24 Hour Access
- Signage
- Car Charging Station
- Air Conditioning
Nearby Major Retailers
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Waterside Place | 1561 Lakefront Dr
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