Catylist ID:
#30818445
| Catylist Listing ID: | 30818445 |
| Property Subtypes: | Office Building |
| Building Size (RSF): | 11,035 SF |
| Gross Land Area: | 32,405 SF |
| Sale Price: | $6,000,000 |
| Unit Price: | $543.72 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Vacant/Owner-User |
| Class of Space: | Class A |
| Usable Size (USF): | 11,035 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 6/5/2023 |
Overview / Comments
|
This well located site is located in the core of Downtown Sarasota. With the Main Plaza Development under construction just one block north on Main St. which is going to hold over 400 apartments, along with commercial space including a new grocer and a food hall, this stretch of downtown Sarasota is set to be revitalized in the coming months and years. Additionally, the land in the Park East district to the east of US 301 has also been assembled and is soon to be developed into further residential projects. The site is 32,405 SF or 0.745 acres. Based on the DTC (Downtown Core) zoning allowing 50 units per acre, this site will accommodate a redevelopment of 37 residential units along with liner commercial space. This is one of the few remaining developable parcels available within the Downtown Core in an area that is about to take off with more growth and development. Currently on site is an 11,035 SF two-story office building. The building will be vacated by Q1 of 2023. Well traveled location within the downtown core of the city of Sarasota Located at the intersection of Ringling Blvd. and US 301 (South Washington Blvd) 0.75 acres allowing for 37 residential units. Neighboring density potentially available Redevelopment height of 10 stories Around the corner from ongoing Main Plaza development 11,035 SF office building currently on site |
Attachments & Media
Additional Details
| Nearest MSA: | North Port-Sarasota-Bradenton |
| County: | Sarasota |
| Tax ID/APN: | 2027080002 |
| Zoning: | DTC |
| Property Located Between: | Golf Street & Ringling Boulevard |
| Property Visibility: | Excellent |
| Highway Access: | US 301, I-75, US 41 |
| Airports: | Sarasota - Bradenton International Airport |
| Area Description: | Located at the southwest corner of the intersection of Ringling Blvd. and US 301 (Washington Blvd), this is a high traffic, amazing location just one block south of Main St. With Main Plaza currently under construction at the corner of Main St. and US 301 around the corner from this location, this section of the Downtown Core is sure to become one of the more active sought after areas for mixed use redevelopment. Please note, this site also falls within an Opportunity Zone (OZ). Please refer to the link below for more information. https://www.sarasotafl.gov/government/planning/office-of-economic-development/opportunity-zones |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Year Built: | 1950 |
| Year Renovated: | 1985 |
| Parking Type: | Surface |
| Total Parking Spaces: | 44 |
| Sprinklers: | None |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Lot Frontage: | 100.0 |
| Lot Depth: | 331.0 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 12,993 | 84,336 | 168,952 |
| Median Age: | 42.31 | 45.48 | 47.96 |
| Households: | 5,920 | 37,592 | 77,593 |
Contact
| © Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Moody's assume any liability for errors or omissions. |
