Residential Property - Single Family Residence in Sarasota
Listing Price: $995,000
Description of Property
Prime investment and redevelopment opportunity in Sarasota’s sought-after Towles Court Arts District! This mixed-use property offers approx. 750 sq. ft. of commercial/gallery or studio space plus 363 sq. ft. of residential use, making it ideal for live/work tenants, creative professionals, or small businesses. Historic details—hardwood floors, fireplace, and metal roof—blend with flexible layouts to attract both renters and end users. With zero side setbacks and DTE (Downtown Edge) zoning, the property offers significant redevelopment upside. Surrounded by other commercial and residential parcels, 1950 Adams Lane also presents excellent assemblage potential for investors or developers looking to create a larger mixed-use or residential project. Located just steps from downtown Sarasota’s restaurants, shops, galleries, and cultural amenities, this property combines immediate income potential with long-term growth. A rare chance to secure a prime footprint in one of Sarasota’s most dynamic districts!
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Towles
Bedrooms: 1
Bathrooms: 1
Sq. Ft. Gross: 1,802
Sq. Ft. Living Area: 1,112
Cost per (heated) sqare foot: $895
Year built: 1925
Annual Tax: $7,726
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances: Other
Fireplace: Yes
Fireplace Features: Wood Burning
Flooring: Other
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Wood Frame
Foundation: Crawlspace
Roof: Metal
Exterior Features: Lighting
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Size (acres): 0.11
Lot Size (sq. ft.): 5,000 square feet
Front Exposure: North
Legal Description & Other Information
Parcel Number: 2027080073
Zoning: DTE
Tax Legal Desc.: LOT 13, BLK B, TOWLES SUB
Section: 19
Range: 18
Listing courtesy of SVN COMMERCIAL ADVISORY GROUP. 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.