Sarasota Multifamily Redevelopment
2050-2026 10TH, Sarasota, FL 34237
Multi Family - SARASOTA, FL
Property size:
1,027 SFLot size:
0.80 AcresPrice / SF:
$2,142/SF- Added:
- Jun 12, 2025
- Days on Market:
- 346
- Last Refresh:
- May 23 at 9:06 pm
Property Features for 2050-2026 10TH
General Information
- Property type
- Residential Multi Family
- Zoning
- DTE
- Bedrooms
- 8
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Interior features
- Primary Bedroom Main Floor
- Exterior features
- Paved, Outbuildings
- Standard status
- Active
- APN
- 2028040036
- Size
- 1,027 SF
- Lot size
- 0.80 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 18776.7
Utilities
- Heating system
- Central, Ductless (Heating)
- Cooling system
- Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1947
- Number of units
- 5
- Building materials
- Asbestos, Frame, Vinyl Siding, Wood Siding
- Roof type
- Metal, Shingle
- Architectural style
- Other
- Additional Structures
- Outbuilding
Listing agent Connor Meckley License #3422871 (941) 999-1179
Listing office PREFERRED SHORE LLC 50 S. Lemon Ave STE 302, Sarasota, FL (941) 999-1179
Listing date Jun 12, 2025
MLS# TB8397140
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.
HighLights
- Rare 0.80‑acre redevelopment opportunity in Sarasota's growing Park East neighborhood.
- Located within an Opportunity Zone, offering potential tax benefits.
- Zoning allows for mixed‑use development, including ground‑floor commercial, multifamily residential, and hotels.
- Potential to achieve up to 100 units per acre through the City of Sarasota’s Attainable Housing Density Bonus Program.
- Current income‑producing rental units generate $8,250 per month.
- Strategically located near downtown Sarasota, US‑301, Fruitville Road, and I‑75, providing convenient access to amenities and transportation.
Overview
Located in Sarasota’s Park East neighborhood, this five-parcel assemblage presents a redevelopment opportunity within an area of ongoing growth. The site totals approximately 35,000 square feet (0.80 acres) with dimensions of 350 road frontage x 100 deep. 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. The DTE zoning allows for mixed-use development with ground-floor commercial and multifamily residential uses, as well as hotel developments with ground-floor commercial. A base density of 25 units per acre is permitted, with the potential to reach 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. The property size is 1,027 square feet. Rental income provides holding revenue while entitlements and development planning are pursued.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Manatee
- State
- Florida
- Longitude
- -82.529239
- Latitude
- 27.344264
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-parcel assemblage in Sarasota's Park East neighborhood.
Where is this apartment building located?
The property is located at 2050-2026 10TH Sarasota, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Rare 0.80‑acre redevelopment opportunity in Sarasota's growing Park East neighborhood.; Located within an Opportunity Zone, offering potential tax benefits.; Zoning allows for mixed‑use development, including ground‑floor commercial, multifamily residential, and hotels.
