2050-2026 10Th St Sarasota, FL 34237
Property Features for 2050-2026 10Th St
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.80 Acres
Building Details
- Year built
- 1947
Source:
Elliman
Listing Agent: Connor Meckley
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Sarasota Redevelopment Opportunity
This centrally located, five-parcel assemblage in Sarasota’s Park East neighborhood presents a redevelopment opportunity within an area experiencing growth. The site totals approximately 35,000 square feet, with dimensions of 350 feet of road frontage by 100 feet deep, or 0.80 acres. The property includes five income-producing rental units, generating a total of $8,250 per month. The property is situated within an Opportunity Zone. Zoning allows for mixed-use development with ground-floor commercial and multifamily residential uses, as well as hotel developments with ground-floor commercial. The property supports a base density of 25 units per acre, with the potential to achieve up to 100 units per acre through participation in the City of Sarasota’s Attainable Housing Density Bonus Program. Building heights of up to four stories are permitted under current zoning. The property is strategically located near downtown Sarasota, US-301, Fruitville Road, and I-75, providing access to local employers, retail corridors, and regional transportation. Nearby recreational and cultural amenities include Bayfront Park, Payne Park, Gillespie Park, and the Rosemary District. Rental income provides holding revenue while entitlements and development planning are pursued.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Manatee
- State
- Florida
- Longitude
- -82.5292364
- Latitude
- 27.3442902
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Five-parcel assemblage in Sarasota's Park East neighborhood.
Where is this commercial land located?
The property is located at 2050-2026 10Th St Sarasota, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: - Rare 0.80-acre redevelopment opportunity in Sarasota's Park East neighborhood.; - Income-producing property generating $8,250 per month in rental income.; - Located within an Opportunity Zone.
