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1565 STATE STREET Sarasota, FL 34236

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For Sale
$5,900,000

Large downtown parcel with parking and redevelopment opportunities.

Type:Commercial
Property size:
12,626 SF
Lot size:
0.36 Acres
Price / SF:
$467/SF
Added:
Feb 24, 2026
Days on Market:
56
Last Refresh:
Apr 5 at 8:18 pm

Property Features for 1565 STATE STREET

General Information

Standard status
Active
Size
12,626 SF
Lot size
0.36 Acres
Property subtype
Commercial

Building Details

Year Built
1921

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Listing Contact
TOM CAIL, PA

Listing agent TOM CAIL, PA License #0586337

Listing office RE/MAX ALLIANCE GROUP

Listing date Feb 24, 2026

Source Corcoran

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


Overview

Downtown Parcel with Redevelopment Potential

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 property is zoned DTC (Downtown Core), which allows for 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 that 15% of the bonus units are attainable. With a base residential density of 18 units, the property is entitled to 72 units under the AHDB, provided that 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 property size is 12,626 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Oliva Mario C ... Physician Coastal Behavioral Healthcare ... Medical Clinic Laflame Cheryl Physician Kamnik R S ... Physician Jeffrey Hoffman Physician

Suggested Use

Restaurant Law Firm Dental Office Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Sarasota
County
Manatee
State
Florida
Longitude
-82.5393
Latitude
27.3358

FAQs

What type of property is this?
Commercial land - Large downtown parcel with parking and redevelopment opportunities.
Where is this commercial land located?
The property is located at 1565 STATE STREET 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: Located in the heart of downtown.; DTC zoning allows for high‑density development: up to 10 stories.; Attainable Housing Density Bonus (AHDB) offers potential for up to 72 residential units.
More about this property
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