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205 N Orange Ave 10,993 SF 100% Leased Office Building Sarasota, FL 34236 For Sale
INVESTMENT HIGHLIGHTS
- Located in the DTC district allowing one of the highest mixed-use, residential, office, or hotel developments
- Renovated in 2016, modern systems and interior upgrades
- Strategically located one block off Fruitville Road with convneient acess to US-41 and I-75
EXECUTIVE SUMMARY
Prime opportunity in Sarasota’s Downtown Core (DTC) zoning district, one of the city’s highest-intensity zones supporting mixed-use, residential, office, and hotel development. While the property currently features a fully leased, well maintained building, it also represents a compelling future redevelopment opportunity.
The 0.34-acre urban infill parcel allows 10 stories by right, with potential for additional height and density through attainable-housing incentives.Developers can explore 50 units/acre base density (approximately 15-17 units) with the ability to increase up to 200 units/acre (approximately 65–70 units) through the Downtown Density Bonus Program. A boutique hotel concept is equally feasible, with an estimated 40–80 keys depending on design and parking. Upper levels in a future build may achieve water views, subject to height and surrounding development.
Located steps from Main Street, the property offers exceptional walkability, visibility, and long-term demand, making it attractive bothas a stable income-producing asset and as a prime downtown redevelopment site.
The 0.34-acre urban infill parcel allows 10 stories by right, with potential for additional height and density through attainable-housing incentives.Developers can explore 50 units/acre base density (approximately 15-17 units) with the ability to increase up to 200 units/acre (approximately 65–70 units) through the Downtown Density Bonus Program. A boutique hotel concept is equally feasible, with an estimated 40–80 keys depending on design and parking. Upper levels in a future build may achieve water views, subject to height and surrounding development.
Located steps from Main Street, the property offers exceptional walkability, visibility, and long-term demand, making it attractive bothas a stable income-producing asset and as a prime downtown redevelopment site.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,993 SF
Building Class
B
Year Built/Renovated
1980/2016
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,664 SF
Building FAR
1.05
Lot Size
0.24 AC
Zoning
C-CBD,Sarasota - DTC - Downtown COre
Parking
40 Spaces (3.64 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Air Conditioning
1 1
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 2026-14-0099 | Improvements Assessment | $950,200 |
| Land Assessment | $1,102,500 | Total Assessment | $2,052,700 |
PROPERTY TAXES
Parcel Number
2026-14-0099
Land Assessment
$1,102,500
Improvements Assessment
$950,200
Total Assessment
$2,052,700
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205 N Orange Ave
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