Development Opportunity near Downtown Sarasota

Vacant Land for Sale
Catylist Listing ID: 30855733
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Retail, Other
Gross Land Area: 8,500 SF
Sale Price: $595,000
Unit Price: $70 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/13/2023

Overview / Comments

Fantastic Development opportunity near US-301 and Fruitville in the downtown edge district. the property currently has a 1,486 sf office building on site. The current zoning for the site is Downtown Edge (DTE) allowing for 25 residential units per acre, medical/general office, retail, and other uses. The site consists of 0.195 acres of land (8,500 sf). The property is within close proximity to a lighted intersection, providing quick access to major North/South and East/West thoroughfares. The surrounding neighborhood is in the process of massive redevelopment with current construction of a hotel, 410 luxury apartments, 25,000 s/f of retail and a grocery store.

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Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Public Records
Tax ID/APN: 2028110021
Property Located Between: Lime Ave& Fruitville Rd.
Legal Description: LOTS 13 & 14 BLK F EAST ADD TO CITY OF SARASOTA
Largest Nearby Street: Fruitville Rd.
Feet of Frontage: 50
Airports: SRQ, Tampa International, Venice Regional

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,262 88,087 171,628
Median Age: 40.11 45.61 48.05
Households: 6,179 39,325 78,538


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