Prime Redevelopment Site Near
For Sale
Contact for pricing
1425 S Tamiami Trl, Sarasota, FL 34239
3.4-acre site near Sarasota Memorial Hospital, ideal for redevelopment.
Property SizeContact for details
Lot Size3.40 Acres
Days on Market210
Property Features for 1425 S Tamiami Trl
General Information
Standard status
Active
Lot size
3.40 Acres
Property subtype
Land
Zoning
RMF4/CG
Listing Agency:
Ian Black Real Estate LLC
(941) 906-8688
Listed By:
Jag Grewal · License #FL BK699811
Source:
Crexi
Added: Feb 3
Changed: Aug 8
Last Checked: Aug 31 at 11:28AM
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
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)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,274
Businesses Nearby
Explore this area
Business Placement
Demographics for 34239, FL
15,049
Population
8,044
Households
1.9
Avg Household Size
52
Median Age
45%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,420
Density / Sq Mi
$76,378
Median Household Income
$42,017
Median Earnings
$1,522
Median Rent
$418,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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)
