Downtown Development Site with
1565 State Street SARASOTA Sarasota, FL 34236
1565 State Street SARASOTA, Sarasota, FL, 34236
$5,900,000
For Sale
$5,900,000
Large downtown parcel with 15 on-site parking spaces and a 13,000 SF building ready for completion or redevelopment.
Property Size12,626 SF
Price / SF$467.29
Days on Market15
Property Features for 1565 State Street SARASOTA
General Information
- Standard status
- Active
- Size
- 12,626 SF
Building Details
- Year Built
- 1921
Listing agency
(904) 569-5862
Listed by
Crystal Barling
(904) 569-5862
Source
Movetojacksonville
Added: Jul 7 Updated: Jul 10 at 2:13PM Checked: Jul 21 at 3:30AM
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 Crystal Barling
Investment Insights
Based on property information with market context.
This downtown parcel includes a 13,000 SF building that has been gutted and is ready to be finished off or redeveloped. The property also provides 15 on-site parking spaces, a rare asset for downtown development. A city parking garage sits directly across the street.
Located at 1565 State Street in Sarasota, the site is zoned DTC (Downtown Core). Under the base DTC density, the city zoning allows up to 10 stories at 50 units per acre or 18 residential units. In addition, the City of Sarasota created an “Attainable Housing Density Bonus” entitlement option for DTC properties, described as AHDB.
Under AHDB, the subject is noted as entitled to 72 total units, with 8 units designated as “attainable” and 64 as market rate. “Attainable” is defined in the remarks as rents or sales prices not exceeding 30% of AMI, and current AMI for the City of Sarasota is approximately $80,000 per year. For buyers and developers, the combination of an already-cleared building and downtown parking support a straightforward path to either interior build-out or a higher-density residential redevelopment strategy within the provided entitlement framework.
Located at 1565 State Street in Sarasota, the site is zoned DTC (Downtown Core). Under the base DTC density, the city zoning allows up to 10 stories at 50 units per acre or 18 residential units. In addition, the City of Sarasota created an “Attainable Housing Density Bonus” entitlement option for DTC properties, described as AHDB.
Under AHDB, the subject is noted as entitled to 72 total units, with 8 units designated as “attainable” and 64 as market rate. “Attainable” is defined in the remarks as rents or sales prices not exceeding 30% of AMI, and current AMI for the City of Sarasota is approximately $80,000 per year. For buyers and developers, the combination of an already-cleared building and downtown parking support a straightforward path to either interior build-out or a higher-density residential redevelopment strategy within the provided entitlement framework.
Key Highlights
- Large downtown parcel with a 13,076 SF (approx. 13,000 SF) building and 1 building on the site
- 15 on‑site parking spaces, with a city parking garage directly across the street
- Building has been gutted and is ready to finish or for redevelopment
Property Analytics
Property Profile
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
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FAQs
What type of property is this?
Church & religious facility - Large downtown parcel with 15 on-site parking spaces and a 13,000 SF building ready for completion or redevelopment.
Where is this church & religious facility located?
The property is located at 1565 State Street SARASOTA 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: Large downtown parcel with a 13,076 SF (approx. 13,000 SF) building and 1 building on the site; 15 on‑site parking spaces, with a city parking garage directly across the street; Building has been gutted and is ready to finish or for redevelopment
