Site Development Opportunity - Main Street Sarasota

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30835878
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Status: Pending
Building Size (RSF): 1,972 SF
Gross Building Area: 2,741 SF
Gross Land Area: 8,600 SF
Sale Price: $3,200,000
Unit Price: $1,622 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/15/2023

Overview / Comments

Corner Lot, at Main Street and Osprey Avenue in downtown Sarasota ready for redevelopment. Sarasota's downtown core is experiencing many redevelopment projects, this could be the next development opportunity!
This 8600 SF lot has Downtown Core zoning which allows for many mixed use opportunities, residential, multifamily and non residential uses including restaurants, retail, offices, entertainment facilities and hotels just to name a few.
Residential redevelopment allows for a maximum height of 10 stories and 50 dwelling units per acre.

Redevelopment Opportunity - Heart of Downtown Sarasota
Corner Lot - Osprey Avenue and Main Street
DTC Zoning

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: City of Sarasota
Tax ID/APN: 2027010063
Zoning: DTC
Retail Clientele: Business
Property Located Between: Osprey Avenue and US 301
Property Visibility: Excellent
Largest Nearby Street: Tamiami Trail
Feet of Frontage: 86
Highway Access: US 301
Airports: Sarasota - Bradenton International Airport
Area Description: Central Business District
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Good
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,376 80,738 168,325
Median Age: 45.68 45.53 47.86
Households: 8,147 36,051 77,217


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