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711 N Orange Ave - Three Lots totaling 15,600 SF 0.36 Acres of Residential Land Offered at $3,899,000 in Sarasota, FL 34236
EXECUTIVE SUMMARY
Pre-Construction. To be built. INVESTOR - DEVELOPER OPPORTUNITY in Rosemary District on Orange Ave! Three Lots permitted for five story, 18 unit condos. Orange Ave is a thriving corridor from Downtown to Rosemary with recently finished projects with this one to be a highlight to the street. Flanked by the Sarasota Military Academy to the North and Citrus Square to the South, this opportunity is positioned in a spectacular and convenient location. Distance to Main St - Downtown 0.4 miles Distance to Sarasota Airport (SRQ) 3.8 miles Distance to Ringling College 1.7 miles The prime benefit to buyer is “time”, team has worked for over a year and have APPROVED Civil Plans from City of Sarasota and development team is working on construction drawings to be submitted for approval in Dec-Jan, this project is 3-4 months away from shovel ready. Currently there are three rental homes on the parcels with month-to-month leases.
PROPERTY FACTS
| Price | $3,899,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.36 AC |
| Price | $3,899,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.36 AC |
1 LOT AVAILABLE
Lot
| Price | $3,899,000 | Lot Size | 0.36 AC |
| Price Per AC | $10,887,199.23 |
| Price | $3,899,000 |
| Price Per AC | $10,887,199.23 |
| Lot Size | 0.36 AC |
Three lots, 5000sf +/- each. Each has SF home with month to month renters
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (73)
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711 N Orange Ave - Three Lots totaling 15,600 SF
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