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    1565 STATE St Sarasota, FL 34236

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    For Sale
    $5,900,000

    Large downtown parcel suitable for redevelopment with parking.

    Type:Commercial
    Property size:
    13,000 SF
    Added:
    Apr 24, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 24 at 3:37 pm

    Property Features for 1565 STATE St

    General Information

    Standard status
    Active
    Size
    13,000 SF
    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 Apr 24, 2026

    Source Elliman

    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 Parking Spaces

    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.
    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

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5393398
    Latitude
    27.3358057

    FAQs

    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
    More about this property
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