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Midtown Sarasota Mixed-Use Redevelopment 4 Retail Properties in Sarasota, FL
INVESTMENT HIGHLIGHTS
- Mixed-Use Redevelopment Opportunity in the heart of Sarasota, Florida
- Located at the major lighted intersection of US41 and Bahia Vista Street.
- Subject property is located less than 1 mile from Downtown Sarasota and only 3 blocks from the Top Rated Sarasota Memorial Hospital.
EXECUTIVE SUMMARY
Subject is located at the corner of US41 and Bahia Vista Street in a high traffic area less than 1 mile from the rapidly growing Downtown Sarasota and 3 blocks to the Top Rated Sarasota Memorial Hospital. Located directly North of Saba Plaza is Sarasota High School and The Sarasota Art Museum of Ringling College. Directly East is the Circus Arts Conservatory. This intersection serves traffic traveling from midtown and south Sarasota to Downtown Sarasota, Longboat Key, and Bradenton.
Incredibly rare opportunity to redevelop anywhere from 5 stories to potentially an 18 story building with up to 518 residential units. In addition, there is opportunity for stand-alone retail/commercial space plus inline space. Current zoning is Commercial General to be rezoned to Urban Mixed Use.
Incredibly rare opportunity to redevelop anywhere from 5 stories to potentially an 18 story building with up to 518 residential units. In addition, there is opportunity for stand-alone retail/commercial space plus inline space. Current zoning is Commercial General to be rezoned to Urban Mixed Use.
PROPERTY FACTS
| Sale Condition | Redevelopment Project | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 50,285 SF |
| Status | Active | Total Land Area | 2.70 AC |
| Number of Properties | 4 |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 50,285 SF |
| Total Land Area | 2.70 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Saba Plaza
1055 S Tamiami Trl, Sarasota, FL 34236 |
Retail | 29,636 SF | 1961 | - |
|
Saba Plaza
2031-2041 Bahia Vista St, Sarasota, FL 34239 |
Retail | 10,535 SF | 1962 | - |
|
Saba Plaza
1115 N Tamiami Trl, Sarasota, FL 34236 |
Retail | 8,190 SF | 1961 | - |
|
Saba Plaza
1155 N Tamiami Trl, Sarasota, FL 34236 |
Retail | 1,924 SF | 1960 | - |
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Midtown Sarasota Mixed-Use Redevelopment
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