Downtown Parcel with Parking
For Sale
$5,900,000
1565 STATE St, Sarasota, FL 34236
Large downtown parcel suitable for redevelopment with parking.
Property Size12,626 SF
Price / SF$453.85
Days on Market147
Property Features for 1565 STATE St
General Information
Standard status
Active
Size
12,626 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$42,149
Building Details
Building Size
12,626 SF
Year Built
1921
Stories
2
Listing Agency:
RE/MAX ALLIANCE GROUP
Listed By:
Tom Cail, PA · License #0586337
(941) 780-2245
Source:
Elliman
Added: Apr 24
Changed: Sep 11
Last Checked: Sep 16 at 5:08PM
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
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Current Use
Location Intelligence
Trade Area within ½ mile
6,353
Businesses Nearby
Explore this area
Business Placement
Demographics for 34236, FL
14,083
Population
11,661
Households
1.2
Avg Household Size
66
Median Age
62%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
3,912
Density / Sq Mi
$96,400
Median Household Income
$48,828
Median Earnings
$2,010
Median Rent
$917,100
Median Home Value
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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
