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1565 State St Sarasota, FL 34236

Sponsored
For Sale
$5,900,000

Mixed Use - SARASOTA, FL

Type:Mixed Use
Property size:
12,626 SF
Lot size:
0.36 Acres
Days on Market:
5
Last Refresh:
Feb 28 at 7:06 am

Property Features for 1565 State St

General Information

Property type
Commercial Sale
Property subtype
Mixed Use
Standard status
Active
Zoning
DTC
APN
2027030104
Size
12,626 SF
Lot size
0.36 Acres

Building Details

Year built
1921
Building materials
Block, Brick
Architectural style
Other

We can help!

Listing Contact
Tom Cail

RE/MAX Alliance Group (941) 954-5454

Listing agent Tom Cail, PA (941) 954-5454 License #0586337

Listing date Feb 24, 2026

MLS# A4683759 Listing URL

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Downtown Sarasota Mixed-Use Redevelopment Opportunity

Located in downtown Sarasota, this mixed-use property offers redevelopment potential. The 0.36-acre parcel includes a 12,626-square-foot building that has been gutted, making it ready for completion or redevelopment. A rare feature is the 15 on-site parking spaces, supplemented by a city parking garage directly across the street. The DTC (Downtown Core) zoning allows for 10 stories at 50 units per acre, or 18 residential units. A Density Bonus is available to encourage Attainable Housing, offering up to 4 times the entitled residential density, provided 15% of the bonus units are attainable. Under the AHDB, the property is entitled to 72 units, provided 8 units are attainable and 64 may be market rate. Attainable is defined as rent or sales price not exceeding 30% of the AMI (area medium income). Currently, the AMI for the City of Sarasota is approximately $80,000 per year.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Oliva Mario C ... Physician Coastal Behavioral Healthcare ... Medical Clinic Laflame Cheryl Physician Kamnik R S ... Physician Jeffrey Hoffman Physician

Suggested Use

Restaurant Law Firm Dental Office Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Sarasota
County
Manatee
State
Florida
Longitude
-82.539266
Latitude
27.335875

FAQs

What type of property is this?
Mixed-use property - Large downtown parcel with redevelopment potential and rare on-site parking.
Where is this mixed-use property located?
The property is located at 1565 State St Sarasota, FL.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: - Prime downtown location with **15 on-site parking spaces** and adjacent city parking.; - DTC zoning allows for significant development potential: up to 10 stories.; - Potential for up to **72 residential units** with Attainable Housing Density Bonus.
More about this property
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