Downtown Development Site For Sale

Vacant Land for Sale
Catylist Listing ID: 5925760
Property Subtypes: Hospitality, Multi-Family, Office, Retail
Gross Land Area: 73,305 SF
Sale Price: $4,200,000
Unit Price: $57.29 PSF
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/7/2020

Overview / Comments

The subject property is a well located site on the east edge of the
downtown core with frontage on East Avenue, 1st Street and Audubon Place. This is an excellent location for residential apartment or condominiums as well as office, restaurant or retail. The accessibility and proximity to all the amenities of downtown Sarasota make this property a unique development opportunity. The DTC zoning provides unprecedented flexibility of use and development potential of up to 10-stories and 50-units per acre (84 units on this site).
Tax ID/APN: 2029-04-0008,2029-04-0004,2029-04-0010,2029-04-0011,2029-04-0012,2029-04-0023,2029-04-0025.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2029-04-0004
Zoning: DTC
Property Visibility: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,403 87,442 169,850
Median Age: 41.53 44.96 47.89
Households: 6,284 38,877 77,680

Contact

Photograph of Listing Agent

John B Harshman

HARSHMAN & COMPANY INC
MFCRE Member
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