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414-414 Lime Ave Sarasota, FL 34237

For Sale
Contact for pricing

Nearly 2-acre site suitable for mixed-use development.

Property size:
83,220 SF
Lot size:
0.18 Acres

Property Features for 414-414 Lime Ave

General Information

Size
83,220 SF
Lot size
0.18 Acres

Source: Harry Robbins Assoc Inc Agent Kevin L Robbins

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Prime Downtown Edge Development Opportunity

This nearly 2-acre site presents a development opportunity near US-301 and Fruitville in the downtown edge district. The current zoning is Downtown Edge (DTE), which allows for 25 residential units per acre, medical/general office, retail, and other uses. The subject parcel allows for a mixed-use development with nearly 50 residential units. A future land use application proposes additional density to increase to 191 units, with an estimated 10,000+ square feet of retail commercial space on the ground floor. The surrounding neighborhood is undergoing massive redevelopment, including current construction of a hotel, 410 luxury apartments, 25,000 square feet of retail, and a grocery store. The site is within a block of a lighted intersection, providing quick access to major North/South and East/West thoroughfares. The property is located in one of the fastest-growing markets on the Southwest Florida Coast, a short distance from Siesta Key Beach, Lido Key Beach, and St. Armand’s Circle. Major employers in the vicinity include Sarasota Memorial Hospital, with over 135 beds and a projected employment of 600 to 700, with multiple projects underway. The area continues to see a rise in redevelopment and new developments. Many historic homes and neighborhoods remain intact, including the brick pavers surrounding the subject property, while other areas of the city have been updated with shopping centers, hotels, restaurants, and other businesses. Tourism continues to rise in the area.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Sarasota
County
Manatee
State
Florida
Longitude
-82.5231806
Latitude
27.3396549

FAQs

What type of property is this?
Land - Nearly 2-acre site suitable for mixed-use development.
Where is this land located?
The property is located at 414-414 Lime Ave Sarasota, FL.
What are key features of this property?
This property features: - Development opportunity in a rapidly redeveloping area near US-301 and Fruitville, within the Downtown Edge district.; - Current zoning (DTE) allows for 25 residential units per acre, medical/general office, retail, and other uses on nearly 2 acres.; - Potential for mixed-use development with nearly 50 residential units.
More about this property
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