2050-2026 10TH, Sarasota, FL, 34237
8 beds
1947
1,027 sqft
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. Buyer is responsible for verifying all zoning regulations, density bonuses, and development entitlements with the City of Sarasota.
Status:
Active
Type:
Multi-family
Laundry Remarks:
None
Units:
5
Subdivision:
SHANANDOAH PARK
Heating:
Central, Wall Units / Window Unit
Cooling:
Central Air, Wall/Window Unit(s)
Lot Size:
350 x 100
Acreage:
0.8
Est. Taxes:
$18,777
Construction
Asbestos, Vinyl Siding, Wood Frame, Wood Siding
Utilities
Electricity Connected, Sewer Connected, Water Connected
Lot Description:
City Lot, Near Public Transit, Sidewalk
Days on Market:
199
MLS #:
TB8397140
Community Info
School Info
Walk Score
Yelp
Listing courtesy of PREFERRED SHORE 941-999-1179