Central Lemon Assemblage

Vacant Land for Sale
Catylist Listing ID: 30836638
Property Subtypes: Multi-Family
Gross Land Area: 1.33 Acres
Sale Price: See Agent
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/15/2023

Overview / Comments

Ian Black Real Estate is pleased to present the unique opportunity to purchase an entire city block in the heart of the City of Sarasota. Consisting of 1.33 acres, the land is zoned DTC (Downtown Core) which allows 50 units per acre and height of 10 stories. The City of Sarasota has modified the Future Land Use Plan allowing for 200 units per acre. This modification is subject to affordable housing standards that are expected to be approved by the City Commission by the Summer of 2023. The property allows mixed use development, Residential, Multi-Family, Office, Hotel and Retail.

Upon execution of the Confidentiality Agreement more detailed information will be provided. To complete the Electronic C.A. click on the link below, then click on the documents tab at the top of the page and then select the "locked" files. Please contact Broker with any questions. Do not disturb current occupants.

Link to CA: https://buildout.com/plugins/581dcb71bc3d5ce878fc24b935097bb5bfc71917/inventory/1182575-sale

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2026140039
Zoning: DTC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,257 73,061 154,810
Median Age: 48.36 44.68 48.17
Households: 5,850 32,453 71,074
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