1565 STATE St Sarasota, FL 34236

Building Details

Year Built

1921

Listing Agency RE/MAX Alliance Group t**@cailgrande.com Show Phone

Listed by Tom Cail, PA · License #0586337 Show Phone

Source Elliman

Added: Apr 24 Updated: Jul 10 at 1:29 pm Checked: Jul 20 at 3:37 am

Report an Issue

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 RE/MAX Alliance Group

---

Investment Insights

Based on property information with market context.

This large parcel is located in the heart of downtown and includes 15 on-site parking spaces. A city parking garage is located directly across the street. The existing 13,000 square foot building has been gutted and is ready to be finished or redeveloped. The zoning is DTC (Downtown Core), allowing 10 stories at 50 units per acre or 18 residential units. The City of Sarasota offers an Attainable Housing Density Bonus (AHDB) entitlement option for DTC, DTB, and DTE zoned properties to encourage Attainable Housing. The AHDB offers up to 4 times the entitled residential density, provided 15% of the bonus units are attainable. Under the AHDB, the property is entitled to 72 units, provided 8 units are attainable and 64 may be market rate. Attainable is defined as rent or sales price not exceeding 30% of the AMI (area medium income). The current AMI for the City of Sarasota is approximately $80,000 per year. The bike score is 62, indicating it is bikeable. The walk score is 88, indicating it is very walkable. The transit score is 44, indicating some transit is available.

Key Highlights

• Prime downtown location
• DTC Zoning allows for high‑density development: up to 10 stories or 18 residential units
• Attainable Housing Density Bonus (AHDB) allows up to 72 residential units

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $1,949,000

  8,460 SF

  Corner Professional Office Building

  Comprehensive renovation underway for an office building with new roof, seven HVAC systems, and flexible medical or office-ready layouts.

  7458 N TAMIAMI Trail, SARASOTA, FL 34243

  View Details
• 

  $9,700,000

  9,313 SF

  Mixed-Use Building with Restaurant Lease

  Two-story mixed-use building on a corner lot with a leased ground-floor restaurant and city-approved vertical expansion.

  40 S BLVD OF THE PRESIDENTS, SARASOTA, FL 34236

  View Details
• 

  $3,295,000

  4,625 SF

  Showroom, Warehouse and Outdoor Display

  Freestanding showroom, office, warehouse, and outdoor display on a corner lot with ILW zoning.

  4343 Clark Rd, Sarasota, FL 34233

  View Details
• 

  $2,278,000

  4,496 SF

  PDQ Absolute NNN Restaurant

  4,496 SF PDQ restaurant offered with an absolute NNN lease structure and corner access with two ingress/egress points.

  5164 S Tamiami Trail, Sarasota, FL 34231

  View Details
• 

  $798,000

  3,000 SF

  Two-Unit Office Building

  Refreshed 2008-built office space offers a flexible layout that can be split into two units for owner-occupancy or leasing.

  8245-8249 S VICELA Dr N 6 & 7, Sarasota, FL 34240

  View Details
• 

  $9,700,000

  9,313 SF

  Two-Story Mixed-Use Corner Building

  Corner commercial building with three street frontages, leased restaurant ground floor, and flexible second-floor office or hospitality space.

  40 S BLVD OF THE PRESIDENTS, SARASOTA, FL 34236

  View Details
• 

  $535,000

  2,268 SF

  South Sarasota Office Condo

  Highly visible office condo in South Sarasota with flexible layout.

  7085 S Tamiami Trl, Sarasota, FL 34231

  View Details
• 

  $950,000

  2,428 SF

  Second-Floor Office Double Unit

  Second-floor double office unit on Fruitville Road with on-site parking and income-earning flexibility for investors or owner-users.

  1348 Fruitville Road Unit 203 & 20, Sarasota, FL 34236

  View Details
• 

  $699,000

  3,058 SF

  Versatile Commercial Property For Sale

  Well-maintained commercial property with office and retail layout.

  3627 WEBBER STREET, SARASOTA, FL 34232

  View Details
• 

  $1,700,000

  7,680 SF

  Air-Conditioned Industrial Flex Building

  Air-conditioned industrial flex building with offices, conference space, and multiple overhead doors on well and septic.

  5654 SARAH AVENUE, SARASOTA, FL 34233

  View Details
• 

  $1,995,000

  3,750 SF

  Industrial Flex Property with Storage

  Metal-framed flex building with A/C office and warehouse bay doors plus fenced adjacent outdoor storage access.

  2011 CORNELL St, Sarasota, FL 34237

  View Details
• 

  $575,000

  500 SF

  Free-Standing Office Building For Sale

  Free-standing office building with convenient access to Bee Ridge Rd.

  4242 MCINTOSH Ln, Sarasota, FL 34232

  View Details

FAQs

What type of property is this?

Commercial land - Large downtown parcel suitable for redevelopment with parking.

Where is this commercial land located?

The property is located at 1565 STATE St Sarasota, FL.

What is the asking price?

The asking price for this property is $5,900,000.

What are key features of this property?

This property features: Prime downtown location; DTC Zoning allows for high‑density development: up to 10 stories or 18 residential units; Attainable Housing Density Bonus (AHDB) allows up to 72 residential units