205 N Orange Ave 10,993 SF 100% Leased Office Building Sarasota, FL 34236 For Sale

his prime 0.34-acre parcel in Sarasota’s coveted Downtown Core (DTC) zoning district offers one of the city’s most dynamic redevelopment opportunities. Currently improved with a fully leased, well-maintained building, the property provides immediate income stability while positioning investors for long-term upside in one of Florida’s most desirable urban markets.
The DTC zoning designation supports Sarasota’s highest-intensity development standards, allowing mixed-use, residential, office, and hospitality projects. Developers can build up to 10 stories by right, with attainable housing incentives unlocking additional height and density. Base residential density permits approximately 15–17 units, while participation in the Downtown Density Bonus Program can increase capacity to 65–70 units per acre—ideal for luxury multifamily or condominium concepts. Alternatively, a boutique hotel is equally feasible, with design flexibility to accommodate 40–80 keys depending on parking and layout.
Situated steps from Main Street, the property delivers unmatched walkability to Sarasota’s vibrant dining, retail, and cultural destinations. Future upper-level construction may capture water views, further enhancing the appeal for high-end residential or hospitality uses. With strong demographic trends, sustained demand for urban living, and Sarasota’s reputation as a premier Gulf Coast destination, this site represents a rare opportunity to combine current income with transformative redevelopment potential.