Excellent Covered Land Opportunity in Downtown Sarasota

Retail-Commercial for Sale
Also listed as Office, Vacant Land
Catylist Listing ID: 30821979
Property Subtypes: Free-Standing Building, Mixed Use, Movie Theatre, Restaurant, Other
Building Status: Proposed
Building Size (RSF): 104,506 SF
Gross Building Area: See Agent
Gross Land Area: 3.25 Acres
Sale Price: See Agent
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/31/2023

Overview / Comments

Call for Offers by June 22

Downtown Sarasota |Opportunity Zone 3.25 acre
Excellent covered land opportunity in downtown Sarasota. Premier Mixed-Use Development Opportunity in Downtown Sarasota. All or part of the site available for purchase. The entire parcel is 3.25 acres. There is a 1.25 acre site on the northern end of the site for immediate development. the site can house a hotel, condominium, office, retail, or combination for mixed use development. The remaining 2 acre site houses about 75,000 s/f of building area and generates $1.55 million in annual revenue. Excellent land bank opportunity.

Easement for use of 211 parking spaces in the adjacent 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.

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: City of Sarasota
Tax ID/APN: 2027010005 & 2027010006
Property Visibility: Excellent
Largest Nearby Street: US 301
Property Condition: Excellent
Year Built: 1997
Zoning Description: 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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