Catylist ID:
#30812224
Excellent Downtown Redevelopment Site Opportunity!
Office
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30812224 |
| Property Subtypes: | Office Building |
| Status: | Pending/Contingent |
| Building Size (RSF): | 14,186 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 31,140 SF |
| Sale Price: | $5,700,000 |
| Unit Price: | $401.80 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment, Vacant/Owner-User, Business |
| Class of Space: | Class B |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/12/2023 |
Overview / Comments
|
Surrounded by restaurants, shopping, entertainment and other amenities, this prime downtown property on Main Street and Osprey Avenue offers an incredible redevelopment opportunity for a multifamily, condominium or mixed-use project. The well-located parcel is in a fast-growing area one block west of a major new mixed-use redevelopment under construction at 1991 Main St. that will include more than 400 luxury apartments and abundant space for retail businesses on the ground floor. Another proposed mixed-use development is planned just west of the parcel, at Main Street and Goodrich Avenue, and will include a restaurant, 35 residential units and a hotel. Building to be sold "Where is - As is". Location: 1801 Main Street and 32-40 N. Osprey Avenue (combined in to one parcel) Current use: 2 office buildings on-site, 10,796 SF and 3,390 SF both 2 stories Parking: 41 surface spaces Parcel: 31,140 SF or .715 acres Zoning: Downtown Core (DTC) Max Stories: 10 (can apply for an exception to go 11 if you provide 1 story of public parking) Max units: 35 dwelling units (50 per acre by code) |
Additional Details
| Nearest MSA: | North Port-Sarasota-Bradenton |
| County: | Sarasota |
| Tax ID/APN: | 2027010028 |
| Zoning: | DOWNTOWN CORE |
| Property Located Between: | Main Street and N Osprey Avenue |
| Property Visibility: | Excellent |
| Highway Access: | US-41 and US-301 |
| Airports: | Sarasota-Bradenton International Airport |
| Area Description: | Located minutes to the bay in the heart of downtown Sarasota, near bus lines, and minutes away from 41, 301, and Interstate 75. |
| Total Number of Buildings: | 2 |
| Number of Stories: | 2 |
| Year Built: | 1984 |
| Parking Type: | Surface |
| Total Parking Spaces: | 41 |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Zoning Description: | DTC (Downtown Core) |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | LOTS 3, 4, 5 & 6 FRANK N TYLER RESUB OF LOT 14 BLK I AND SUB OF LOT 16 BLK I P O S TOGETHER WITH LOT 8 LESS W 5 FT FOR ROW FRANK N TYLER RESUB OF LOT 14 BLK I & SUB OF LOT 16 BLK I PLAT OF SARASOTA TOGETHER WITH LOT 7 FRANK N TYLER RESUB OF LOT 14 BLK I & SUB OF LOT 16 BLK I PLAT OF SARASOTA, BEING THE SAME LANDS AS DESC IN OR 2396/0402 & ORI 2001183084 & 2006112751 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 17,376 | 80,738 | 166,932 |
| Median Age: | 45.68 | 45.53 | 47.86 |
| Households: | 8,147 | 36,051 | 76,462 |
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