1400 Fruitville Rd Sarasota, FL 34236
0.33 acres in downtown Sarasota zoned for mixed-use development.
Type:Land
Lot size:
0.33 Acres- Added:
- Mar 14, 2023
- Days on Market:
- 1133
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 1400 Fruitville Rd
General Information
- Standard status
- Active
- Lot size
- 0.33 Acres
- Property subtype
- Land
Listing agent Stephen Horn License #FL BK3062100
Listing office Ian Black Real Estate LLC
Listing date Mar 14, 2023
Source Crexi
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 Ian Black Real Estate LLC
Overview
Downtown Sarasota Development Opportunity
This 0.33-acre property is located at the southwest corner of Fruitville Rd and Central Avenue in downtown Sarasota. Zoned Downtown Core (DTC), the property allows for mixed-use development, including residential, multi-family, office, hotel, and retail uses. It is suited for a boutique condominium project and offers views to the west and north. The residential base density is calculated at 50 units per acre, totaling 16 units. For affordable housing, the base density is 200 units per acre, potentially accommodating 66 units. A possible configuration includes 56 market-rate units and 10 affordable units, with affordability tiers based on the Area Median Income (AMI). Specifically, one-third of the affordable units need to be priced at 80% of AMI, one-third at 100% of AMI, and one-third at 120% of AMI. Note that 15% of the units above the base density are required to be affordable.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Manatee
- State
- Florida
- Longitude
- -82.5423893
- Latitude
- 27.3385896
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 0.33 acres in downtown Sarasota zoned for mixed-use development.
Where is this commercial land located?
The property is located at 1400 Fruitville Rd Sarasota, FL.
What are key features of this property?
This property features: Prime downtown Sarasota location at the corner of Fruitville Rd and Central Avenue.; Zoned Downtown Core (DTC) allowing for mixed‑use development.; Permitted uses include Residential, Multi‑Family, Office, Hotel, and Retail.
