Seeking Qualified Hotel Developer. Joint Venture. Mixed use project.

Hospitality for Sale
Catylist Listing ID: 30821979
Property Subtypes: Hotel, Other
Building Status: Proposed
Number of Units: 300 Units
Building Size (RSF): 27,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.25 Acres
Sale Price: See Agent
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/18/2022

Overview / Comments

Seeking qualified hotel developer. Premier Mixed-Use Development Opportunity in Downtown Sarasota. Joint Venture with plans in place. Mixed use hotel, residential, retail and office. Currently 27,000 + s/f of ground floor retail. Total of 1.25 acres. The hotel portion can consist of 120-300 rooms depending on requirements. Adjacent to an 800 + parking garage. Easement for use of 211 parking spaces in the garage.

Frontage on Main Street, US-301, and visibility on Fruitville Rd. 20 ft wide sidewalks being added to Main Street in front of the building. Surrounded by redevelopments and new constructions projects. Heavy, daily auto and pedestrian traffic. Superior ingress and egress with access to 4 lighted intersections.

Contact agent for additional details.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: City of Sarasota
Tax ID/APN: 2027010005 & 2027010006
Zoning: DTC-DOWNTOWN CORE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,403 85,729 167,989
Median Age: 41.53 44.99 47.91
Households: 6,284 38,072 76,902

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