1425 S Tamiami Trl Sarasota, FL 34239

Listing Agency Ian Black Real Estate LLC j**@ian-black.com Show Phone

Listed by Jag Grewal · License #FL BK699811

Source Crexi

Added: Feb 3 Checked: Jul 15 at 11:00 pm

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Investment Insights

Based on property information with market context.

This approximately 3.4-acre site is located near Sarasota Memorial Hospital and minutes from Downtown Sarasota, presenting a compelling redevelopment opportunity within a high-growth area. The site is suitable for a mixed-use redevelopment, with a conceptual plan that includes a proposed 8-story dual-brand hotel totaling 246 rooms, and a 6-story residential building comprising 279 units with studio, one-, two-, and three-bedroom floor plans. The conceptual plan also features three levels of structured parking for approximately 402 vehicles and a shared fourth-level amenity deck with a pool. The property may benefit from Florida’s Live Local Act, potentially allowing by-right residential or mixed-use redevelopment with streamlined approvals and enhanced density if affordability thresholds are met. Proximity to major employment centers, healthcare infrastructure, and Downtown Sarasota could enhance the feasibility and value of a Live Local-qualifying residential component. All proposed uses and development parameters are subject to zoning, affordability qualifications, land development regulations, and municipal approvals.

Key Highlights

• Prime 3.4‑acre site near Sarasota Memorial Hospital and Downtown Sarasota
• High‑growth location with limited supply, ideal for redevelopment
• Potential for mixed‑use development, including a dual‑brand hotel (246 rooms) and residential building (279 units)

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FAQs

What type of property is this?

Commercial land - 3.4-acre site near Sarasota Memorial Hospital, ideal for redevelopment.

Where is this commercial land located?

The property is located at 1425 S Tamiami Trl Sarasota, FL.

What is the asking price?

The asking price for this property is $25,000,000.

What are key features of this property?

This property features: Prime 3.4‑acre site near Sarasota Memorial Hospital and Downtown Sarasota; High‑growth location with limited supply, ideal for redevelopment; Potential for mixed‑use development, including a dual‑brand hotel (246 rooms) and residential building (279 units)