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    960 46Th St Sarasota, FL 34234

    Sponsored
    For Sale
    $1,200,000

    High-density potential, three-building package.

    Property size:
    2,100 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a portfolio of three multi-family properties located at 960 46th Street, Sarasota, FL, totaling 2,100 square feet on a combined 0.17-acre lot. The properties are ideally situated for a commercial development project, offering significant potential for increased density. Currently, the combined properties boast a density of 135 units per acre. This presents a unique chance to acquire a strategically positioned asset with substantial upside potential. The properties are being offered as a package deal, providing a cohesive and scalable investment. The current zoning and density allow for a variety of development options, making this an attractive proposition for developers seeking to capitalize on Sarasota's thriving real estate market. The combined 0.17 acres provides a solid foundation for a larger-scale project, while the existing structures offer immediate income potential or redevelopment possibilities. This is a rare opportunity to acquire a well-located multi-family portfolio with significant potential for future growth and value appreciation. Serious inquiries are encouraged to explore the full potential of this unique investment opportunity. The asking price for the entire package is $1,200,000. This includes the property at 960 46th Street and two adjacent properties. The properties are being sold in conjunction with a property located at 4500 N Tamiami Trail as part of a larger land consideration for a commercial project.

    Property Features for 960 46Th St

    General Information

    Property type
    Residential income properties
    Square Feet
    2,100 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1953
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    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
    -82.55176
    Latitude
    27.37335

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    FAQs

    What type of property is this?
    Residential income property - High-density potential, three-building package.
    Where is this residential income property located?
    The property is located at 960 46Th St Sarasota, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (941) 954-5454
    Request Owner's contact information
    960 46Th St Sarasota, FL 34234
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    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
    960 46Th St Sarasota, FL 34234
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