Sarasota Tamiami Trail Frontage

Vacant Land for Sale
Catylist Listing ID: 30388568
Property Subtypes: Hospitality, Multi-Family, Office, Retail
Gross Land Area: 48,482 SF
Sale Price: $1,250,000
Unit Price: $25.78 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/30/2019

Overview / Comments

Former hotel site with 150 feet of direct frontage on Tamiami Trail. Very flexible NT Zoning which would allow up to 38 multifamily residential units. Retail and Office use also permitted. Potential land accumulation that would give this property a hard corner with an additional 144 feet of frontage.

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Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 2004070012
Zoning: NT- NORTH TRAIL
Property Located Between: Airport and Downtown Sarasota
Property Visibility: Excellent
Legal Description: BEGIN AT NE INTERSEC OF 48TH ST NOW 42ND ST AND SARASOTA AVE, TH E ALONG N SIDE OF 48TH ST 606 4 FT TO W SIDE OF TAMIAMI TRAIL TH 150 FT N ALONG W SIDE OF TRAIL AND 7 FT W AND PARALLEL TO 48TH ST FOR POB, TH 150 FT N TH W 350 5 FT, TH S 47 9 FT TH E 50 FT, TH S 95 T THAT IS 210 FT E OF SARASOTA AVE, TH E 343 8 FT M/L TO POB, PLAT TO VACATE THAT PART OF J W PHILLIPS SUB LYING WEST OF TAMIAMI TRAIL, CONTAINING 1.1 C-AC M/L
Largest Nearby Street: Tamiami Trail - US41
Feet of Frontage: 150
Traffic/Vehicle Count: 40,000
Highway Access: University to I-75
Airports: Sarasota Bradenton International
Site Description: Infill location surrounded by residential and retail
Area Description: Infill location surrounded by residential and retail
Lot Frontage: 150
Lot Depth: 347
Zoning Description: NT - Retail, Multifamily and Office permitted
Development Name: Sarasota US 41 Frontage
Topography: Level
Easements: Utilities
Soil Type: Gravel
Available Utilities: Electric, Water, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,155 52,007 159,486
Median Age: 35.84 44.46 46.99
Households: 3,168 22,564 71,529

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