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Description
PRIME MULTIFAMILY DEVELOPMENT OPPORTUNITY IN SARASOTA'S HISTORIC DISTRICT | RESTORATION ZONEDiscover a rare multifamily development opportunity in Downtown Sarasota's Historic District, ideally positioned on a highly visible corner lot within a designated Sarasota Restoration Zone. Located just minutes from the heart of Downtown Sarasota, this property offers developers, builders, and investors the opportunity to create new construction condominiums, luxury townhomes, or a boutique multifamily residential development in one of Sarasota's most sought-after and rapidly evolving areas.Zoned for multifamily development with potential for up to 24 residential units, this site offers exceptional flexibility for a variety of residential development concepts. The property is particularly well suited for condos, luxury townhomes, multifamily residences, or an upscale urban residential community designed to take advantage of Sarasota's continued growth and strong demand for new housing.One of the property's major advantages is that utilities are already on site, including water, sewer, electric, and other essential services, potentially helping reduce infrastructure costs and simplify the development process.The location provides an exceptional walkable Downtown Sarasota lifestyle, with convenient access to restaurants, cafés, shopping, entertainment, cultural attractions, art galleries, theaters, Sarasota Bay, and the vibrant downtown district. Sarasota continues to experience significant residential growth, with new construction and redevelopment transforming the surrounding area and creating increased demand for well-located multifamily housing.PROPERTY HIGHLIGHTS: Prime corner lot in Sarasota's Historic DistrictLocated within a Sarasota Restoration Zone, Multifamily zoning, Potential for up to 24 residential units, Ideal for condominium development or luxury townhomes, Excellent opportunity for multifamily redevelopment, Water, sewer, electric and utilities already on site, Walkable to Downtown Sarasota, Close to restaurants, shopping, entertainment, arts and Sarasota Bay, Surrounded by ongoing new construction and redevelopment, Strong demand for new residential housing, High-visibility corner location, Excellent opportunity for developers, builders and investors, Potential for significant redevelopment and investment upsideA rare Sarasota development opportunity in a highly desirable location. With multifamily zoning, Restoration Zone designation, utilities already on site, and the ability to potentially develop up to 24 residential units, this property offers a compelling opportunity to participate in the continued transformation and growth of Downtown Sarasota and the surrounding Historic District.Contact us today for zoning information, development details, site information, and to explore the potential of this exceptional Sarasota multifamily development site.
Property Highlights
Property Type: Land - Residential
Lot Size: 0.85 Acres
Taxes: $3,387
General Information
County: Sarasota
Subdivision: PETROUTSA BROTHERS
Listed By:
Sandra Osorio, PA
COMPASS FLORIDA LLC
941-279-3630
MLS ID: A4701380
Property Features
Days on Site: 70
Directions: From 1000 N Washington Blvd, Sarasota, FL 1.-Head toward 10th St.39 ft2.-Turn right onto 10th St.0.5 mi3.-Turn left onto N Orange Ave. Destination will be on the left
Flood Zone Code: X
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Buildable
Lot Dimensions: 0.85
Ownership: Fee Simple
Property Attached Y/N: No
Road Frontage: 250
Sewer: Public Sewer
Showing Instructions: Appointment Only, Combination Lock Box, Go Direct
Special Sale Provisions: None
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Water: Public
Water Access Y/N: No
Zoning: DTE
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918 Orange Avenue, Sarasota, FL 34236.
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Estimated Payment
$ 22,269.24 per month $20,236.99 Principal & Interest $282.25 Property Tax $1,750.00 Homeowner's InsuranceChange Payment Information
About this area
About Sarasota
Sarasota, FL is a cultural gem. Once home to the Ringling Brothers Circus, Sarasota boasts a rich arts scene that brings people from all over the area to enjoy world-class theater, music, and other performing arts. Sarasota is also a haven with spectacular scenery, turquoise water and white sandy beaches. It offers a delightful downtown with a variety of small boutiques and exceptional restaurants. With its dynamic culture and arts scene and incredible natural beauty, Sarasota is a wonderful place to call “home.”
Learn More About Living in Sarasota, Florida
Sue Kinnan
Cell: (941) 713-1282
Email: suekinnan@wagnerrealty.com
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