Shovel Ready Apartment/Condo
For Sale
Contact for pricing
Pending
1701 N Tamiami Trail, Sarasota, FL 34234
Opportunity Zone location near downtown Sarasota with permits in final weeks.
Property SizeContact for details
Days on Market1317
Property Features for 1701 N Tamiami Trail
General Information
Standard status
Pending
Property subtype
Land
Listing Agency:
Quest Realty Group
Listed By:
Jason Vondrachek · License #471.007493
Source:
Crexi
Added: Jan 23, 2023
Changed: Aug 8
Last Checked: Aug 8 at 4:27AM
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 Quest Realty Group
Investment Insights
Based on property information with market context.
This property presents a remarkable opportunity for a shovel-ready project involving the construction of a 22-unit apartment or condominium complex. Located minutes from Downtown Sarasota, it benefits from being situated in one of the best Opportunity Zone locations in the US. The project is in the final weeks of permitting, potentially saving over 16 months of time. The development includes 25,540 sellable square feet, comprising eight 3-bedroom units, four 2-bedroom units, and ten 1-bedroom units. The site is located near neighborhood amenities such as Wicked Cantina, The Reserve, and Whitaker Park, and is also close to downtown and the new Bay Park. Additionally, it offers convenient access to cultural institutions including The Sarasota Opera House, Van Wezel Performing Arts Center, multiple theaters, New College of Florida, Ringling University, and The Ringling Museum. The seller is willing to finance 50% LTV at 4% interest.
Key Highlights
- Shovel‑ready 22‑unit apartment or condo project in an Opportunity Zone location.
- Seller financing available: 50% LTV at 4% interest.
- Final weeks of permitting, saving 16+ months of time.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
Explore this area
Business Placement
Demographics for 34234, FL
20,858
Population
10,257
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
86%
High-School Grad
6.5 sq mi
ZIP Area
3,209
Density / Sq Mi
$56,607
Median Household Income
$33,536
Median Earnings
$1,352
Median Rent
$222,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Opportunity Zone location near downtown Sarasota with permits in final weeks.
Where is this residential land & home lot located?
The property is located at 1701 N Tamiami Trail Sarasota, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Shovel‑ready 22‑unit apartment or condo project in an Opportunity Zone location.; Seller financing available: 50% LTV at 4% interest.; Final weeks of permitting, saving 16+ months of time.
