Land - Real Estate in Sarasota
Listing Price: $4,295,000
Description of Property
A well located property on the intersection of Fruitville Rd and N Shade Ave. in Sarasota, FL zoned Downtown Edge. 1.25 acres. This versatile site represents an ideal opportunity for mixed use development with frontage on a major arterial. Featuring a well located site with easy access to virbant urban amenities, this property is ideal for a land/multifmaily investor/developer seeking a strong rental income investment or high value condo sales. Additional trade density rights are available through the City's Downtown Attainable Housing Density Bonus Program can provide up to four times the allowable units per this zoning district. Residents can take advantage of the vibrant energy of nearby Downtown Sarasota and the highly regarded arts and culture district, all of which is less than a 5 minute drive away. SRQ International Airport and I-75 are both within 15 minutes from the site. This location is also surrounded by a very diverse culinary scene and upscale shopping experiences including Main Street Shops and St. Armand's Circle. Award winning Gulf Coast beaches and the picturesque Sarasota Bayfront are just minutes away. Highlights -Rare opportunity to purchase vacant land fronting Fruitville Rd -Zoned DTE for diverse development potential -Site is eligible for Downtown Attainable Housing Density Bonus Program providing up to 4x density -Accessible via a traffic lit intersection on Fruitville Rd and Shade Ave -Considerable residential and commercial development planned in immediate vicinity of the Subject Property
Property Details At A Glance
Property Type: Land
City: Sarasota
County: Sarasota
Subdivision: Fairview 1st Add To
Annual Tax: $7,396
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Size (acres): 1.25
Lot Size (sq. ft.): 54,465 square feet
Lot Dimensions: 242 by 148 +
Road Frontage: City Street
Legal Description & Other Information
Parcel Number: 2028140056
Zoning: DTE
Tax Legal Desc.: LOTS 13 15 17 19 & 21 FIRST ADD TO FAIRVIEW
Section: 20
Range: 18E
Listing courtesy of MICHAEL SAUNDERS & COMPANY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
