Downtown Core Development
For Sale
$5,900,000
1565 STATE Street, Sarasota, FL 34236
Commercial Sale, SARASOTA, FL
Property Size12,626 SF
Lot Size0.36 Acres
Price / SF$467.29
Days on Market182
Property Features for 1565 STATE Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
DTC
Subdivision
PLAT OF SARASOTA EXHIBIT
Directions
Ringling to state street
Standard status
Active
APN
2027030104
Size
12,626 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 16, 18 & 20, BLK 5, PLAT OF SARASOTA
Tax Annual Amount
42149
Legal Description
LOTS 16, 18 & 20, BLK 5, PLAT OF SARASOTA
Building Details
Year built
1921
Floors in Building
2
Building materials
Block, Brick
Listing Agency:
RE/MAX ALLIANCE GROUP · RE/MAX International
(941) 954-5454
Listed By:
Tom Cail, PA · License #0586337
(941) 780-2245
Added: Feb 23
Changed: Aug 20
Last Checked: Aug 24 at 3:06PM
MLS# A4683759
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.36-acre commercial land offering includes an existing 12,626-square-foot property built in 1921, with block and brick construction. The building has been gutted, creating a redevelopment or completion opportunity within Sarasota’s Downtown Core zoning district. The site also provides 15 on-site parking spaces, while a city parking garage is located directly across the street.
DTC zoning permits buildings up to 10 stories and allows 50 units per acre or 18 residential units under the stated base density. The City of Sarasota’s Attainable Housing Density Bonus option may increase the entitlement to 72 residential units, including 8 attainable units and 64 market-rate units, subject to the applicable requirements. The property is located at 1565 State Street in Sarasota, Florida.
DTC zoning permits buildings up to 10 stories and allows 50 units per acre or 18 residential units under the stated base density. The City of Sarasota’s Attainable Housing Density Bonus option may increase the entitlement to 72 residential units, including 8 attainable units and 64 market-rate units, subject to the applicable requirements. The property is located at 1565 State Street in Sarasota, Florida.
Key Highlights
- 0.36‑acre commercial land parcel at 1565 State Street, Sarasota, FL 34236
- 12,626‑square‑foot property built in 1921 with block and brick construction
- DTC zoning allows up to 10 stories and 50 units per acre
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,353
Businesses Nearby
97k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 36%
Dining 29%
Shops & Services 19%
Hotels & Casinos 6%
Whole Foods Market
Groceries
34,548 visits/mo
0.1 miles
First Watch
Dining
10,428 visits/mo
0.2 miles
Hyde Park Prime Steakhouse
Dining
8,260 visits/mo
0.1 miles
The Exchange (AAFES)
Shops & Services
6,804 visits/mo
0.4 miles
Embassy Suites By Hilton Sarasota
Hotels & Casinos
5,865 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in Sarasota, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - DTC-zoned parcel with an existing gutted building and redevelopment capacity in central Sarasota.
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: 0.36‑acre commercial land parcel at 1565 State Street, Sarasota, FL 34236; 12,626‑square‑foot property built in 1921 with block and brick construction; DTC zoning allows up to 10 stories and 50 units per acre
