Sarasota Redevelopment Opportunity Zone
2050 10th Street, Sarasota, FL 34237
Five-parcel assemblage in Sarasota's Park East neighborhood.
Type:Land
Lot size:
0.80 Acres- Added:
- Apr 27, 2025
- Days on Market:
- 402
- Last Refresh:
- Mar 13 at 9:50 am
Property Features for 2050 10th Street
General Information
- Standard status
- Active
- Lot size
- 0.80 Acres
- Property subtype
- Land
Listing agent Connor Meckley License #3422871 (941) 279-0013
Listing office PREFERRED SHORE LLC (941) 279-0013
Listing date Apr 27, 2025
Source Compass
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 PREFERRED SHORE LLC
HighLights
- Rare 0.80‑acre redevelopment opportunity in Sarasota's growing Park East neighborhood.
- Income‑producing property with $8,250 monthly rental income.
- Located within an Opportunity Zone.
- Zoning allows for mixed‑use development, including commercial, multifamily residential, and hotels.
- Potential for up to 100 units per acre through Attainable Housing Density Bonus Program.
- Convenient access to downtown Sarasota, US‑301, Fruitville Road, and I‑75.
Overview
This centrally located, five-parcel assemblage in Sarasota’s Park East neighborhood presents a redevelopment opportunity within an area experiencing growth. The site totals approximately 35,000 square feet (350 road frontage x 100 deep or 0.80 acres). It includes five income-producing rental units, generating a total of $8,250 per month. The property is situated within an Opportunity Zone. Zoning allows for mixed-use development with ground-floor commercial and multifamily residential uses, as well as hotel developments with ground-floor commercial. The property supports a base density of 25 units per acre, with the potential to achieve up to 100 units per acre through participation in the City of Sarasota’s Attainable Housing Density Bonus Program. Building heights of up to four stories are permitted under current zoning. The property is strategically located near downtown Sarasota, US-301, Fruitville Road, and I-75, offering access to local employers, retail corridors, and regional transportation. Nearby recreational and cultural amenities include Bayfront Park, Payne Park, Gillespie Park, and the Rosemary District. Rental income provides holding revenue while entitlements and development planning are pursued.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Manatee
- State
- Florida
- Longitude
- -82.5292364
- Latitude
- 27.3442902
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Five-parcel assemblage in Sarasota's Park East neighborhood.
Where is this commercial land located?
The property is located at 2050 10th Street Sarasota, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Rare 0.80‑acre redevelopment opportunity in Sarasota's growing Park East neighborhood.; Income‑producing property with $8,250 monthly rental income.; Located within an Opportunity Zone.
