10TH In 2050-2026 10TH, SARASOTA, Florida

2050-2026 10TH, SARASOTA, Florida

35,000 Acre
$2,200,000
Listing ID #MFRTB8397724
Agent info
Susan Repp
Property Description

This centrally located, five-parcel assemblage in Sarasota’s Park East neighborhood offers a rare redevelopment opportunity in an area experiencing ongoing growth. Totaling approximately 35,000 square feet (350 road frontage x 100) deep or (0.80 acres), the site currently includes five income-producing rental units bringing in a total of $8,250 per month. The property is also situated within an Opportunity Zone. Zoning allows for mixed-use development with ground-floor commercial and multifamily residential uses as well as hotel developments with ground-floor commercial. The property supports a base density of 25 units per acre, with the potential to achieve up to 100 units per acre through participation in the City of Sarasota’s Attainable Housing Density Bonus Program. Building heights of up to four stories are permitted under current zoning. The property is strategically located near downtown Sarasota, US-301, Fruitville Road, and I-75, offering convenient access to local employers, retail corridors, and regional transportation. Nearby recreational and cultural amenities include Bayfront Park, Payne Park, Gillespie Park, and the Rosemary District. Rental income provides holding revenue while entitlements and development planning are pursued. Seller financing may be available, subject to terms. Buyer is responsible for verifying all zoning regulations, density bonuses, and development entitlements with the City of Sarasota.

Features
Near Public Transit, Paved, Sidewalk, City Limits
DTE
Address Map
US
FL
Sarasota
SARASOTA
SHANANDOAH PARK
SHANANDOAH PARK
10TH
2050-2026
0
W83° 28' 12''
N27° 20' 39.3''
Head West on Fruitville Rd from i-75. Turn Right on 301 (N Washinton blvd). Turn Right on 10th St. Properties will be located on the right.
34237 - Sarasota
MLS Addon
PREFERRED SHORE LLC
Connor Meckley
$0
1
MFR261562287
MFR281531515
Active
2028040036
Public Sewer
$18,777
2024
Cable Connected, Sewer Connected, Water Connected
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