North Trail Zoning

Vacant Land for Sale
Catylist Listing ID: 30731048
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 6,180 SF
Sale Price: $510,000
Unit Price: $82.52 PSF
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/13/2021

Overview / Comments

Small bungalow on North Trail Zoned lot. Adjacent to commercially zoned land along Tamiami Trail on Sarasota's near north side. While it is within the boundaries of the Central - Cocoanut Historic District the underlying zoning gives it potential for redevelopment as multi-family. The parcel immediately to the east is already permitted for 4 units possibly providing a design template. And, the property across the street has been creatively redeveloped using the same North Trail Zoning parameters. It is on a street with significant, historic houses but this one is valued being in the "path of progress" as Sarasota continues to grow north along the US 41 corridor. Nearby developments include the 14th Street roundabout, The Sarasota Bay Club and The Bay Sarasota, a developing city park on 53 acres of city-owned land on Sarasota Bay. The Ringling College of Art and Design is just to the north and the waterfront Centennial Park is just across the street.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: City of Sarasota
Tax ID/APN: 2025040055
Zoning: NORTH TRAIL
Property Located Between: Tamiami Trail and Cocoanut
Property Visibility: Excellent
Legal Description: LOT 6 BLK C REV PLAT OF VALENCIA TERRACE
Largest Nearby Street: Tamiami Trail/US 41
Feet of Frontage: 60
Airports: SRQ International Airport
Site Description: Currently used as single family homesite.
Lot Frontage: 60
Lot Depth: 103
Zoning Description: NT. The intent and purpose of the NT district is to permit a mix of neighborhood scale commercial; cultural and educational facilities; tourist accommodations and attractions; multifamily residential and mixed uses and to facilitate their proper development and use. The commercial and service activities within this zone are primarily oriented toward serving the needs of local residents, tourists and students. Development and redevelopment shall be compatible with, and preserve and enhance, the character of the adjoining neighborhoods. It is further intended that this district is to promote development and redevelopment in a manner that creates a safe and attractive environment for specified uses as well as cultivate an attractive gateway to the city.
Topography: Level
Soil Type: Sandy
Available Utilities: Electric, Water, Sewer, Cable, Broadband
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,093 64,130 156,901
Median Age: 40.76 44.33 47.99
Households: 5,819 28,080 71,575

Contact

Photograph of Listing Agent

David Jennings

COLDWELL BANKER REALTY
MFCRE Member
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