Downtown Parcel with Parking
1565 STATE St Sarasota, FL 34236
For Sale
$5,900,000
Large downtown parcel suitable for redevelopment with parking.
Property Size13,000 SF
Price / SF$453.85
Days on Market98
Property Features for 1565 STATE St
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Commercial
Building Details
Year Built
1921
Listing Agency:
RE/MAX Alliance Group
(941) 780-2245
Listed By:
Tom Cail, PA · License #0586337
(941) 780-2245
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 7:29AM
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
Investment Insights
Based on property information with market context.
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 zoning is DTC (Downtown Core), allowing 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 15% of the bonus units are attainable. Under the AHDB, the property is entitled to 72 units, provided 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 bike score is 62, indicating it is bikeable. The walk score is 88, indicating it is very walkable. The transit score is 44, indicating some transit is available.
Key Highlights
- Prime downtown location
- DTC Zoning allows for high‑density development: up to 10 stories or 18 residential units
- Attainable Housing Density Bonus (AHDB) allows up to 72 residential units
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - Large downtown parcel suitable for redevelopment with parking.
Where is this commercial land located?
The property is located at 1565 STATE St 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: Prime downtown location; DTC Zoning allows for high‑density development: up to 10 stories or 18 residential units; Attainable Housing Density Bonus (AHDB) allows up to 72 residential units
