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0 N Shade Ave 1.25 Acres of Commercial Land Offered at $4,295,000 in Sarasota, FL 34237
INVESTMENT HIGHLIGHTS
- Rare opportunity to purchase vacant land fronting Fruitville Rd
- Site is eligible for Downtown Attainable Housing Density Bonus Program providing up to 4x density
- Considerable residential and commercial development planned in immediate vicinity of the Subject Property
- Zoned DTE for diverse development potential
- Accessible via a traffic lit intersection on Fruitville Rd and Shade Ave
EXECUTIVE SUMMARY
A well located property on the intersection of Fruitville Rd and N Shade Ave. in Sarasota, FL zoned Downtown Edge. This versatile site represents an ideal opportunity for mixed use development with frontage on a major arterial. Featuring a well located site with easy access to virbant urban amenities, this property is ideal for a land/multifmaily investor/developer seeking a strong rental income investment or high value condo sales. Additional trade density rights are available through the City's Downtown Attainable Housing Density Bonus Program can provide up to four times the allowable units per this zoning district.
PROPERTY FACTS
| Price | $4,295,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.25 AC |
| Property Type | Land | ||
| Zoning | DTE - The Downtown Edge | ||
| Price | $4,295,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.25 AC |
| Zoning | DTE - The Downtown Edge |
1 LOT AVAILABLE
Lot
| Price | $4,295,000 | Lot Size | 1.25 AC |
| Price Per AC | $3,435,054.67 |
| Price | $4,295,000 |
| Price Per AC | $3,435,054.67 |
| Lot Size | 1.25 AC |
DESCRIPTION
Residents can take advantage of the vibrant energy of nearby Downtown Sarasota and the highly regarded arts and culture district, all of which is less than a 5 minute drive away. SRQ International Airport and I-75 are both within 15 minutes from the site. This location is also surrounded by a very diverse culinary scene and upscale shopping experiences including Main Street Shops and St. Armand's Circle. Award winning Gulf Coast beaches and the picturesque Sarasota Bayfront are just minutes away.
1 1
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $2,047,280 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,047,280
CONTACTS
-
Spencer Brannen -
Leon DeLieto -
Lee DeLieto Jr. -
Will Martin -
Michael Saunders & Company
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0 N Shade Ave
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