2050-2026 10Th St Sarasota, FL 34237

This centrally located, five-parcel assemblage in Sarasota’s Park East neighborhood presents a redevelopment opportunity in an area experiencing ongoing growth. The site totals approximately 35,000 square feet, with dimensions of 350 feet of road frontage by 100 feet deep, equating to 0.80 acres. Currently, the site includes five income-producing rental units, generating a total of $8,250 per month. The property is 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 space. 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, providing 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. The buyer is responsible for verifying all zoning regulations, density bonuses, and development entitlements with the City of Sarasota. The property is located in Sarasota, FL, with the postal code 34237.