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    447 N Lime Ave Sarasota, FL 34237

    For Sale
    $595,000

    Development opportunity in downtown edge district near US-301 and Fruitville.

    Property size:
    100,000,000 SF
    Lot size:
    0.20 Acres

    Property Features for 447 N Lime Ave

    General Information

    Size
    100,000,000 SF
    Lot size
    0.20 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

    Development Opportunity Near US-301

    This property presents a development opportunity near US-301 and Fruitville, situated in the downtown edge district. The site includes a 1,486 square foot office building. Zoned Downtown Edge (DTE), the property allows for 25 residential units per acre, medical or general offices, retail spaces, and other uses. The site encompasses 0.195 acres, equivalent to 8,500 square feet. Its location offers proximity to a lighted intersection, facilitating access to major north-south and east-west thoroughfares. The surrounding neighborhood is undergoing significant redevelopment, with a hotel, 410 luxury apartments, 25,000 square feet of retail space, and a grocery store currently under construction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Learning Chest Inc Child Care Agency Child Care & Learning ... Child Care Agency

    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
    -82.5244688
    Latitude
    27.3401593

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    FAQs

    What type of property is this?
    Land - Development opportunity in downtown edge district near US-301 and Fruitville.
    Where is this land located?
    The property is located at 447 N Lime Ave Sarasota, FL.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: - Prime development opportunity in the Downtown Edge district.; - Zoning (DTE) allows for 25 residential units per acre, medical/general office, retail, and other uses.; - Located near US-301 and Fruitville, providing quick access to major thoroughfares.
    (941) 724-2321
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    447 N Lime Ave Sarasota, FL 34237
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    Sarasota, FL 34237
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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
    447 N Lime Ave Sarasota, FL 34237
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