For Lease
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Property summary
This exceptional 11,494-square-foot retail shopping center presents a prime redevelopment opportunity in downtown Sarasota, Florida. Located on a 0.488-acre corner lot at 1530 Dolphin St, 34236, this Class B property boasts generous parking and convenient access. Its Downtown Core (DTC) zoning allows for diverse uses and significant redevelopment potential. The site's base density is 50 units per acre, with a potential bonus density of up to 200 units per acre achievable by designating 15% of additional units as affordable housing, resulting in a maximum density of approximately 97 units. This location offers unparalleled access to Sarasota's vibrant downtown, the bayfront, and the popular Burns Court district. Nearby amenities include abundant shopping, dining, existing condominium projects, and various entertainment venues, all within close proximity to other redevelopment projects. This property represents an exceptional investment opportunity in a thriving urban environment. The property's prime location and high-density zoning make it an attractive prospect for developers seeking to capitalize on Sarasota's dynamic growth.
Property profile
VerifiedCap rate & NOI
Current use
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Real Estate Agency
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Environmental Consultant Environmental Organization
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Clothing & Fashion Store
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(Bike/Boat/Book/etc) Store
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Veterinary Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
screening between registered vacation rentals and single family uses; modify the definition for restaurants and add language to facilitate outdoor restaurants and seating; permit mobile food trucks as a permitted use in…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
DTC · Sarasota, FLscreening between registered vacation rentals and single family uses; modify the definition for restaurants and add language to facilitate outdoor restaurants and seating; permit mobile food trucks as a permitted use in…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
screening between registered vacation rentals and single family uses; modify the definition for restaurants and add language to facilitate outdoor restaurants and seating; permit mobile food trucks as a permitted use in…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DTC in Sarasota, FL.
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