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7720 Tuttle Ave - Residential Development Parcel 2.31 Acres of Residential Land Offered at $1,500,000 in Sarasota, FL 34243

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INVESTMENT HIGHLIGHTS

  • Hard corner with great exposure

EXECUTIVE SUMMARY

The 2.311-acre (almost square) parcel presents several advantages for development, whether for residential or commercial purposes. Among them, include it being on a corner with a traffic light. This offers enhanced accessibility and visibility, which is beneficial for both residential ingress/egress and commercial customer access. All the zoning possibilities are yet to be determined for each development opportunity. Traffic patterns and volumes available on Tuttle Avenue are crucial for good development planning. The presence of the traffic signal and multi lane roads in all directions offer advantages for commercial ventures seeking high visibility. The parcel's size and potential zoning approvals allow for various residential development options, such as single-family homes, townhouses, or multi-family units. The proximity to other major roads can offer residents convenient access to local amenities and employment centers. The corner location with a traffic light enhances visibility and accessibility, making it potentially suitable for retail establishments, offices, or service-oriented businesses. This property at 7720 Tuttle Avenue holds significant potential and with a needed 2026 closing, provides ample time for all planning and preparation.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $1,500,000
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 2.31 AC
No. Stories 2
Zoning A-6 - Agricultural to Residential

1 LOT AVAILABLE

Lot

Price $1,500,000
Price Per AC $649,350.65
Lot Size 2.31 AC

The 2.311-acre (almost square) parcel presents several advantages for development, whether for residential or commercial purposes. Being only 3 miles to the airport, 5 miles to I-75 and 5 miles to downtown Sarasota, this property is centrally located

DESCRIPTION

All the zoning possibilities are yet to be determined for each development opportunity. Traffic patterns and volumes available on Tuttle Avenue are crucial for good development planning. The presence of the traffic signal and multi lane roads in all directions offer advantages for commercial ventures seeking high visibility. The parcel's size and potential zoning approvals allow for various residential development options

  • Listing ID: 35571256

  • Date on Market: 4/21/2025

  • Last Updated:

  • Address: 7720 Tuttle Ave, Sarasota, FL 34243

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