Catylist ID: #30735510
Highly Desirable Development Opportunity: Lido Dorset
Vacant Land for Sale
|Catylist Listing ID:||30735510|
|Property Subtypes:||Hospitality, Multi-Family, Vacation/Resort|
|Gross Land Area:||45,428 SF|
|Unit Price:||$550.32 PSF|
|Sale Terms:||Cash to Seller|
Overview / Comments
Lido Dorset Condominium
Located minutes West of Downtown Sarasota, Lido Key is one of Florida's most appealing beach communities. The popular Lido Beach Pavilion, boating, fishing and kayaking are all within easy reach of this property. Dining and shopping at renowned St. Armands Circle are just blocks away. Downtown Sarasota's cultural amenities are just across the bay via the Ringling Causeway.
Spectacular sunset views, warm Gulf of Mexico waters and beach access directly across the street make the 1.04-acre Lido Dorset property a unique and desirable development opportunity.
The existing 38-unit Lido Dorset Condominium is available on a Bulk Purchase basis. Each condominium unit owner will need to accept their individual offer.
Year Built: 1963
Total Existing A/C Interior Space: 23,132 sq ft
Average Unit size: 609 sq ft
Unit Size Range: 399-988 sq ft
38 Existing Units:
-Thirty-one 1 Bedroom/1 Bath
-Two 2 Bedroom/1 Bath
-Two 2 Bedroom/ 2 Baths
-Three Studios 0 Bedrooms/1 Bath
There is an on-site rental office for unit owners who seek assistance finding short- term and long-term renters. It is not mandatory for unit owners to use the rental office, as many owners who choose to rent their units opt-in and opt-out at will.
-Buyer to pay seller's and buyer's real estate brokerage commission.
-Buyer to pay for Title Insurance, Survey and all closing costs except for seller's private attorney costs.
Attachments & Media
|Nearest MSA:||North Port-Sarasota-Bradenton|
|Taxing Authority:||Sarasota City|
|Tax ID/APN:||0000007386, 2016051001-2016051038|
|Zoning:||RMF-3 (13 UNITS PER ACRE)|
|Property Located Between:||Tyler Drive and Coolidge Drive|
|Legal Description:||Lido Dorset Condominium Association Inc and individual unit owner PID #'s.|
|Largest Nearby Street:||John Ringling Blvd|
|Feet of Frontage:||312|
|Highway Access:||John Ringling Blvd east to the mainland and SR-41 Tamiami Trail|
|Airports:||SRQ 20 minutes|
|Site Description:||Triangular shaped lot. Across the street from Lido Beach|
|Area Description:||Residential, Hospitality and Retail/Commercial|
|Lot Depth:||See attached|
|Zoning Description:||RMF-3 (13 units per acre)|
|Development Name:||Lido Dorset|
|In Flood Plain?:||Yes|
|Easements Description:||Normal Utility Easements|
|Available Utilities:||Electric, Water, Sewer, Cable|
|Proximity:||1 mile||3 miles||5 miles|
Elliot S RoseCOLDWELL BANKER COMMERCIAL NRT MFCRE Member
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