Golden Gate Point Development Opportunity

Multi-Family for Sale
Catylist Listing ID: 30768923
Property Subtypes: Duplex/Fourplex, High-Rise, Mid-Rise
Number of Units: 8 Units
Building Size (RSF): 14,400 SF
Gross Building Area: See Agent
Gross Land Area: 14,400 SF
Sale Price: $3,600,000
Unit Price: $450,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/2/2021

Overview / Comments

Ultra Prime Location for High End Condo Development. Golden Gate Point is a magnificent area located within walking distance to many of Downtown Sarasota's amenities. Ritz Carlton is just across the street and many of the areas restaurants, marinas and shopping is within minutes of this site

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 2010080023
Zoning: RMF-5
Property Located Between: Bird Key and Downtown Sarasota
Airports: Sarasota/Bradenton Intl 3-4 miles away
Site Description: Currently a 4 plex sitting on 2 lots. Can build an 8 unit Condo as RMF-5 allows for 25 Units per acre and this is 1/3 of an acre.
Area Description: golden Gate Point is THE Premier location for Ultra High end Condominium property.
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1947
Year Renovated: 2002
Zoning Description: RMF-5 Allows for 25 Units Per Acre
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: LOTS 4 & 5 BLK B GOLDEN GATE POINT Plat Book # 01 / Page # 135

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,378 64,369 148,765
Median Age: 57.69 45.59 48.12
Households: 4,097 28,890 68,764
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