Fantastic residential development opportunity on 4.77± acres of contiguous land at 4101–4103 S School Ave in central Sarasota, ideal for a builder or infill residential developer. One parcel is zoned PUD and the adjoining parcel is zoned RSF3, providing flexibility for a low-density residential community with the potential to create a cohesive neighborhood plan (buyer to confirm entitlements and density during due diligence). The property is currently vacant land and can accommodate a meaningful single-family program under the existing zoning framework, offering rare scale in an established in-town location. Surrounded by established neighborhoods, schools, and retail, the site is well-positioned to capture strong builder demand.
4101 S SCHOOL AVENUE, Sarasota, FL, 34231
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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