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701 Cohen Way - COHEN ONE 0.31 Acres of Commercial Land Offered at $2,899,000 in Sarasota, FL 34236
INVESTMENT HIGHLIGHTS
- Permit-ready site with construction start possible in just 60 days
- Each residence offers 4 beds, 3 full baths, 2 half baths, and over 2,800 sq. ft. of contemporary design
- Optional builder retention and possible owner financing for streamlined construction and delivery within 18 months
- Six luxury three-story townhomes with private pools, guest houses, and expansive outdoor living spaces
- Located in Flood Zone X, steps from The Bay Sarasota and minutes to downtown, beaches, and arts district
EXECUTIVE SUMMARY
Product: Six (6) luxury three-story townhomes
Unit Specs: Each unit includes 4 bedrooms, 3 full baths, 2 half baths, private pool, guest house, expansive terrace, outdoor kitchen, and two-car garage
Size & Pricing: Residences over 2,800 sq. ft., priced from $2,693,000
Architecture: Light, bright contemporary design with impact glass
Financials:
Projected Sales Volume: $16,000,000+
Projected Profit: $4,426,000 (Pro Forma available)
Location Highlights
Steps from The Bay Sarasota, a 53-acre waterfront park
Surrounded by 65 restaurants within 6 blocks
Two blocks from Sarasota School of Arts and Sciences (SSAS)
Minutes to downtown shopping, arts district, St. Armands, and Lido Beach
Located in Flood Zone X – elevated land with reduced flood risk
Competitive Advantages
Townhomes designed to live like single-family homes
Exceptional outdoor living with private pools and terraces
High demand for Rosemary District properties; land supply is limited
Completion possible within 18 months of groundbreaking
Optional: Retain current builder/owner for streamlined construction
?? Contact us today for Pro Forma details and to seize this rare development opportunity in one of Sarasota’s most desirable urban neighborhoods.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $2,899,000 | Lot Size | 0.31 AC |
| Price Per AC | $9,351,612.90 |
| Price | $2,899,000 |
| Price Per AC | $9,351,612.90 |
| Lot Size | 0.31 AC |
LOT IS VACANT, ZONED DTE, AND OFFERS A SHOVEL-READY PROJECT ON PUBLICLY MAINTAINED ROAD IN RED HOT ROSEMARY DISTRICT, DOWNTOWN SARASOTA. Located in Flood Zone X, a safer, elevated land designation.
DESCRIPTION
This permit-ready development opportunity in Sarasota features six luxurious three-story townhomes, each offering over 2,800 sq. ft. of contemporary living space with 4 bedrooms, 3 full baths, 2 half baths, private pools, guest houses, expansive terraces, outdoor kitchens, and two-car garages. Located in Flood Zone X just steps from The Bay Sarasota waterfront park and surrounded by 65 restaurants, the site is minutes from downtown, St. Armands, and Lido Beach. With projected sales exceeding $16 million and a profit potential of $4.4 million (Pro Forma available), this project is designed to meet strong demand for Rosemary District properties and can be completed within 18 months of groundbreaking. Optional builder retention and possible owner financing offers a streamlined path to delivery. Reach out to Frank Lambert, 9419201500.
PROPERTY TAXES
| Parcel Number | 2026-06-0036 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $511,720 |
PROPERTY TAXES
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701 Cohen Way - COHEN ONE
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