Downtown Development Site For Sale

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 5925760
Property Subtypes: Hospitality, Multi-Family, Office, Retail
Status: Pending
Gross Land Area: 73,305 SF
Sale Price: $2,600,000
Unit Price: $35.47 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/24/2018

Overview / Comments

This rare opportunity to acquire an iconic piece of Downtown Sarasota real estate just got better. The Seller has reduced the price for this multi family, hotel or office development site by $400,000 to $2,600,000. This 73,305 sq ft lot is zoned DTC permitting 10-stories and 50-units per acre, 84 units for the site. The subject is located in the heart of the east Main St downtown core and is home to government offices, professional offices and multiple planned or under construction residential projects. The Artisan on Main, a 37 unit townhouse project is under construction across Audubon Place from the subject. All the planned restaurant, office and residential development is helping this neighborhood to emerge as Sarasota's next hot place to live, work and play. 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-Bradenton-Sarasota
County: Sarasota
Tax ID/APN: 2029-04-0008
Zoning: DTC

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,403 88,051 167,989
Median Age: 41.53 45.01 47.91
Households: 6,284 39,137 76,902


Photograph of Listing Agent

John B Harshman

MFCRE Member
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