Rosemary District Triplex with Development Potential

420 KUMQUAT Ct, Sarasota, FL 34236

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For Sale

$1,525,000

Triplex in downtown Sarasota with income and development opportunities.

Type:Investment

HighLights

Prime Rosemary District location with Downtown Edge (DTE) zoning allowing for residential, commercial, or mixed‑use development.
Existing triplex generates over $5,000/month in rental income, providing immediate cash flow.
Potential to develop up to 24 residential units with acquisition of neighboring parcel (subject to approvals).
Seller can transfer plans for a seven‑unit condominium project designed by award‑winning Halflants + Pichette.
Highly walkable location (Walk Score: 88) within six blocks of numerous restaurants, Sarasota Farmers Market, Sarasota Bayfront, Whole Foods, and the arts/theater district.
Close proximity to The Bay Park (53‑acre waterfront park), Payne Park, Legacy Trail, and the Bay Runner Trolley service.

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Listing Contact

Frank Lambert

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For Sale

$1,525,000

Triplex in downtown Sarasota with income and development opportunities.

Type:Investment

Added:: Apr 14, 2026
Days on Market:: 57
Last Refresh:: Apr 14 at 6:56 am

Property Features for 420 KUMQUAT Ct

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1981

We can help!

Listing Contact

Frank Lambert

Listing agent Frank Lambert License #0345242

Listing office PREMIER SOTHEBYS INTL REALTY

Listing date Apr 14, 2026

Source Elliman

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

All listing content including descriptions, pricing, images are the copyrighted material of PREMIER SOTHEBYS INTL REALTY

HighLights

Prime Rosemary District location with Downtown Edge (DTE) zoning allowing for residential, commercial, or mixed‑use development.
Existing triplex generates over $5,000/month in rental income, providing immediate cash flow.
Potential to develop up to 24 residential units with acquisition of neighboring parcel (subject to approvals).
Seller can transfer plans for a seven‑unit condominium project designed by award‑winning Halflants + Pichette.
Highly walkable location (Walk Score: 88) within six blocks of numerous restaurants, Sarasota Farmers Market, Sarasota Bayfront, Whole Foods, and the arts/theater district.
Close proximity to The Bay Park (53‑acre waterfront park), Payne Park, Legacy Trail, and the Bay Runner Trolley service.

Overview

Located in the Rosemary District, this property offers opportunities for investors and developers in a downtown growth corridor. The property includes a triplex that generates over $5,000 per month in potential rental income. Zoned Downtown Edge (DTE), the site allows for residential, commercial, or mixed-use development. The property is adjacent to a newly constructed five-story mixed-use condominium with 24 residences. An additional opportunity exists with the neighboring parcel to the south, which is also available. With a combined acquisition cost of $3,220,000, there is potential to develop up to 24 residential units, subject to municipal approvals. The seller can also transfer plans for a seven-unit condominium project. The location is within approximately six blocks of more than 60 restaurants, Sarasota Farmers Market, Sarasota Bayfront, Whole Foods Market, and Sarasota’s arts and theater district. The Bay Park, a 53-acre waterfront park, is approximately four blocks away, with additional access to Payne Park and Legacy Trail. Connectivity is enhanced by the Bay Runner Trolley, offering service from downtown to St. Armands Circle and Lido Beach. The bike score is 62, making it bikeable, the walk score is 88, making it very walkable, and the transit score is 44, indicating some transit options.

Location Intelligence

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Triplexes

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Local Demand

City: Sarasota
County: Manatee
State: Florida
Longitude: -82.539245
Latitude: 27.3401096

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For sale
Triplexes
FL
Sarasota
34236
420 KUMQUAT Ct

What type of property is this?

Triplex - Triplex in downtown Sarasota with income and development opportunities.

Where is this triplex located?

The property is located at 420 KUMQUAT Ct Sarasota, FL.

What is the asking price?

The asking price for this property is $1,525,000.

What are key features of this property?

This property features: Prime Rosemary District location with Downtown Edge (DTE) zoning allowing for residential, commercial, or mixed‑use development.; Existing triplex generates over $5,000/month in rental income, providing immediate cash flow.; Potential to develop up to 24 residential units with acquisition of neighboring parcel (subject to approvals).