Commercial Sale Property - Mixed Use in Sarasota
Listing Price: $5,900,000
Description of Property
Large parcel in the heart of dowtown, with 15 on site parking paces (incredibly rare) and a city parking garage directly across the street. The 13,000 SF building has been gutted and is ready to be finished off or re developed. Zoning is DTC (Downtown Core) allowing 10 stories at 50 units per acre or 18 residential units. Density Bonus: The City of Sarasota, to encourage Attainable Housing, has created an Attainable Housing Density Bonus” AHDB” entitlement option for DTC, DTB and DTE zoned properties. The AHDB offers up to 4-times the entitled residential density provided 15% of the “bonus” units are “attainable”. Base residential density for the subject is 18-units; under the AHDB the subject is entitled to 72-units provided 8-units “attainable” and 64 may be market rate. “Attainable” is defined that rent or sales price does not exceed 30% of the AMI (area medium income). Currently AMI for the City of Sarasota is approximately $80,000 per year.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Mixed Use
City: Sarasota
County: Sarasota
Subdivision: Plat Of Sarasota Exhibit
Sq. Ft. Gross: 13,076
Sq. Ft. Living Area: 12,626
Cost per (heated) sqare foot: $467
Year built: 1921
Annual Tax: $42,149
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Ceiling Height: Varied
Waterfront Info
Exterior & Construction
Construction: Brick
Foundation: Slab
Floors Total: 2
Cooling: Other
Lot Information
Lot Size (acres): 0.36
Lot Size (sq. ft.): 15,750 square feet
Road Frontage: City Street
Legal Description & Other Information
Parcel Number: 2027030104
Zoning: DTC
Tax Legal Desc.: LOTS 16, 18 & 20, BLK 5, PLAT OF SARASOTA
Section: 19
Range: 18E
Listing courtesy of RE/MAX ALLIANCE 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.