Catylist ID:
#30821979
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 |
| Zoning: | DTC-DOWNTOWN CORE |
| Property Visibility: | Excellent |
| Largest Nearby Street: | US 301 |
| Property Condition: | Excellent |
| Year Built: | 1997 |
| Zoning Description: | DTC - Downtown Core |
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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