Downtown Investment/Development Opportunity
Office
for Sale
| Catylist Listing ID: |
30847702 |
| Property Subtypes: |
Mixed Use, Office Building, Other
|
| Building Size (RSF): |
50,459 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.93 Acres
|
| Sale Price: |
See Agent |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN), Vacant/Owner-User |
| Building Name: |
The Pointe |
| Class of Space: |
Class B |
| Sale Terms: |
Undisclosed, Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/12/2023 |
Overview / Comments
Fantastic Development Opportunity located on main corner in Downtown Sarasota!! 50,459 sf 7-story office building. Block 1 of the new and highly anticipated Park District, which is estimated to house 1,250 apartments, office, retail, and other attractions. the Mixed use and multi-family development or potential for renovation of current building for continued office use. The current zoning of Downtown Core allows for base density of 50 units per acres and bonus density allows for 4xs the density making it 200 units per acre. The property sits on 0.93 acres with a parking easement of approximately 150 spaces located in a to be built newly constructed apartment building on Block 2 (immediately east of the subject site) The development could possibly include retail, office, restaurant, multi-family, and hotel. The property is centrally located at the entrance to the downtown core, benefits from easy pedestrian access, and an abundance of shopping, dining, and entertainment options. The property boasts a high walkability score. The parcel is the largest and last assemblage with a Downtown Core (DTC) zoning in downtown Sarasota. Located in an Opportunity Zone.
Excellent visibility on Fruitville Rd. East Ave., and N Washington Blvd. The site has access to a full movement, signalized intersection at Fruitville and East. Easy access back to Main and Washington.
Contact Agent for additional details and private showing!
|
Additional Details
| Nearest MSA: |
North Port-Sarasota-Bradenton |
| County: |
Sarasota |
| Taxing Authority: |
Public Records |
| Tax ID/APN: |
2026160011 |
| Zoning: |
DTC - DOWNTOWN CORE |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
14,403 |
83,307 |
169,062 |
| Median Age: |
41.53 |
44.93 |
47.86 |
| Households: |
6,284 |
36,972 |
77,290 |
|
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