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    4500 Tamiami Trl Sarasota, FL 34234

    For Sale
    $16,000,000

    4.8 Acres, 135 Units/Acre Approved

    Property size:
    4,714 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 4.8-acre parcel at 4500 N Tamiami Trail in Sarasota, Florida, presents a unique investment opportunity. Boasting a substantial 4,714 square feet of existing building space, the property is ideally situated for redevelopment. Recent approvals allow for a high-density multifamily development of up to 135 units per acre, capitalizing on the area's strong demand for housing. The site's strategic location offers unparalleled access to key Sarasota attractions. It's just minutes from Sarasota International Airport, providing convenient travel connections. Furthermore, its proximity to the Ringling School of Art, New College, and Downtown Sarasota ensures high visibility and strong potential for tenant attraction. The property currently includes five houses, offering flexibility for immediate income generation or phased development. This is the largest remaining undeveloped tract on the North Trail, making it a truly rare and valuable asset in a thriving Sarasota market. The existing structures can be incorporated into a larger development plan or removed to maximize the development potential. This presents a significant opportunity for investors seeking a high-return, multi-use property in a prime Sarasota location. The approved density allows for a substantial number of residential units, catering to the growing population and demand for housing in this desirable area.

    Property Features for 4500 Tamiami Trl

    General Information

    Property type
    Retail properties
    Square Feet
    4,714 SF
    Lot Size
    209,088 SF

    Building Details

    Year Built
    1973
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ephraim Seventh Day ... Seventh-Day Adventist Church Florida Surgical Supply Medical Supply Store REACH Sarasota Seventh-Day ... Seventh-Day Adventist Church

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.55339
    Latitude
    27.37302

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    FAQs

    What type of property is this?
    Retail property - 4.8 Acres, 135 Units/Acre Approved
    Where is this retail property located?
    The property is located at 4500 Tamiami Trl Sarasota, FL.
    What is the asking price?
    The asking price for this property is $16,000,000.
    (941) 954-5454
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    4500 Tamiami Trl Sarasota, FL 34234
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4500 Tamiami Trl Sarasota, FL 34234
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