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$2,200,000

Est. payment - /mo

0.8 Acres Lot

New

2050-2026 10TH Sarasota, FL 34237

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Sean Bates

sean@realtorseanbates.com +1(813) 413-1147

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Key Details

Property Type Vacant Land

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Subdivision Shanandoah Park

MLS Listing ID TB8397724

HOA Y/N No

Annual Tax Amount $18,776

Lot Size 0.800 Acres

Acres 0.8

Lot Dimensions 350x100

Property Sub-Type Residential

Source Stellar MLS

Property Description

This centrally located, five-parcel assemblage in Sarasota's Park East neighborhood offers a rare redevelopment opportunity in an area experiencing ongoing growth. Totaling approximately 35,000 square feet (350 road frontage x 100) deep or (0.80 acres), the site currently includes five income-producing rental units bringing in a total of $8,250 per month. The property is also situated within an Opportunity Zone. Zoning allows for mixed-use development with ground-floor commercial and multifamily residential uses as well as hotel developments with ground-floor commercial. The property supports a base density of 25 units per acre, with the potential to achieve up to 100 units per acre through participation in the City of Sarasota's Attainable Housing Density Bonus Program. Building heights of up to four stories are permitted under current zoning. The property is strategically located near downtown Sarasota, US-301, Fruitville Road, and I-75, offering convenient access to local employers, retail corridors, and regional transportation. Nearby recreational and cultural amenities include Bayfront Park, Payne Park, Gillespie Park, and the Rosemary District. Rental income provides holding revenue while entitlements and development planning are pursued. Seller financing may be available, subject to terms. Buyer is responsible for verifying all zoning regulations, density bonuses, and development entitlements with the City of Sarasota.

Location

State FL

County Sarasota

Community Shanandoah Park

Area 34237 - Sarasota

Zoning DTE

Exterior

Utilities Available Cable Connected, Sewer Connected, Water Connected

Building

Lot Description City Limits, Near Public Transit, Sidewalk, Paved

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Others

Ownership Fee Simple

Acceptable Financing Cash, Owner Financing, Special Funding

Listing Terms Cash, Owner Financing, Special Funding

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8397724

Listed by PREFERRED SHORE LLC

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Sean Bates

Team Lead | SL3271378

+1(813) 413-1147

2050-2026 10TH Sarasota, FL 34237

Sean Bates

Key Details

Location

Exterior

Building

Others

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2050-2026 10TH