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1701 N Tamiami Trl 22 Unit Apartment Building $2,400,000 ($109,091/Unit) Sarasota, FL 34236
Executive Summary
Remarkable Opportunity for Shovel Ready 22-Unit Apartment or Condo Project minutes from Downtown Sarasota. This is one of the best Opportunity Zone locations in the US. ***Seller willing to finance 50% LTV @ 4% interest***
The project consists of 25,540 sellable square feet with (8) 3-BR units, (4) 2-BR units & (10) 1-BR units and is in the final weeks of permitting
This is a 16+ Month Time Savings
The adjacent parcel - 1715 N. Tamiami - is separately listed for $3.6M w/permits pending for (36) units incl a pool.
Perfectly sited among neighborhood gems, Wicked Cantina, The Reserve & Whitaker Park, the site is seconds to downtown and the new Bay Park, as well as an abundance of Cultural Institutions incl The Sarasota Opera House, Van Wezel Performing Arts Center, multiple Theaters, New College of Florida, Ringling University & The Ringling Museum to name a few.
For more questions and more detailed information, email jason@questchicago.com
The project consists of 25,540 sellable square feet with (8) 3-BR units, (4) 2-BR units & (10) 1-BR units and is in the final weeks of permitting
This is a 16+ Month Time Savings
The adjacent parcel - 1715 N. Tamiami - is separately listed for $3.6M w/permits pending for (36) units incl a pool.
Perfectly sited among neighborhood gems, Wicked Cantina, The Reserve & Whitaker Park, the site is seconds to downtown and the new Bay Park, as well as an abundance of Cultural Institutions incl The Sarasota Opera House, Van Wezel Performing Arts Center, multiple Theaters, New College of Florida, Ringling University & The Ringling Museum to name a few.
For more questions and more detailed information, email jason@questchicago.com
Property Facts Under Contract
| Price | $2,400,000 | Lot Size | 1.18 AC |
| Price Per Unit | $109,091 | Construction Status | Proposed |
| Sale Type | Investment | Building Size | 25,540 SF |
| No. Units | 22 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2028 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | NT | ||
| Price | $2,400,000 |
| Price Per Unit | $109,091 |
| Sale Type | Investment |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 1.18 AC |
| Construction Status | Proposed |
| Building Size | 25,540 SF |
| No. Stories | 4 |
| Year Built | 2028 |
| Opportunity Zone |
Yes |
| Zoning | NT |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 22 | - | - |
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2007-01-0040 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $985,182 |
Property Taxes
Parcel Number
2007-01-0040
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$985,182
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1701 N Tamiami Trl