Redevelopment Land with Hotel and
For Sale
Contact for pricing
1425 S Tamiami Trail, Sarasota, FL 34239
3.4-acre site near Sarasota Memorial Hospital with conceptual plans for a dual-brand hotel and 279 residential units.
Lot Size3.40 Acres
Days on Market181
Property Features for 1425 S Tamiami Trail
General Information
Standard status
Active
Lot size
3.40 Acres
Property subtype
LAND
Listing Agency:
Ian Black Real Estate, LLC
(941) 356-5042
Listed By:
Jag Grewal CCIM, SIOR
(941) 356-5042
Source:
Moodyscre
Added: Feb 3
Changed: Jul 25
Last Checked: Jul 25 at 6:05AM
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.
The subject property is a 3.4-acre redevelopment site offered for sale. The conceptual development plan contemplates an 8-story dual-brand hotel totaling 246 rooms and a 6-story wrap residential building with 279 units featuring studio, one-, two-, and three-bedroom floor plans. The concept also includes three levels of structured parking for approximately 402 vehicles and a shared fourth-level amenity deck with a pool.
The site is located near Sarasota Memorial Hospital and is just minutes from Downtown Sarasota, supporting redevelopment that can serve both healthcare and downtown demand drivers. The remarks further indicate the property may qualify for pathways under Florida’s Live Local Act, potentially enabling by-right residential or mixed-use redevelopment if affordability thresholds are met, subject to applicable zoning, land development regulations, and municipal approvals.
The site is located near Sarasota Memorial Hospital and is just minutes from Downtown Sarasota, supporting redevelopment that can serve both healthcare and downtown demand drivers. The remarks further indicate the property may qualify for pathways under Florida’s Live Local Act, potentially enabling by-right residential or mixed-use redevelopment if affordability thresholds are met, subject to applicable zoning, land development regulations, and municipal approvals.
Key Highlights
- 3.4‑acre site near Sarasota Memorial Hospital, minutes from Downtown Sarasota
- Conceptual redevelopment includes an 8‑story dual‑brand hotel totaling 246 rooms
- Includes a 6‑story wrap residential building with 279 units: studio, 1-, 2-, and 3‑bedroom floor plans
Property Analytics
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 3.4-acre site near Sarasota Memorial Hospital with conceptual plans for a dual-brand hotel and 279 residential units.
Where is this commercial land located?
The property is located at 1425 S Tamiami Trail 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: 3.4‑acre site near Sarasota Memorial Hospital, minutes from Downtown Sarasota; Conceptual redevelopment includes an 8‑story dual‑brand hotel totaling 246 rooms; Includes a 6‑story wrap residential building with 279 units: studio, 1-, 2-, and 3‑bedroom floor plans
