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    Multifamily Redevelopment Assemblage Title is generated by Realmo AI

    2050-2026 10TH, Sarasota, FL 34237

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    For Sale
    $2,200,000

    Multi-Family 5+ - SARASOTA, FL

    Property size:
    1,027 SF
    Lot size:
    0.80 Acres
    Price / SF:
    $2,142/SF
    Added:
    Jun 12, 2025
    Days on Market:
    386
    Last Refresh:
    Jul 2 at 5:06 pm

    Property Features for 2050-2026 10TH

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    DTE
    Bedrooms
    8
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Interior features
    Primary Bedroom Main Floor
    Exterior features
    Paved, Outbuildings
    Standard status
    Active
    APN
    2028040036
    Size
    1,027 SF
    Lot size
    0.80 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    18776.7

    Utilities

    Heating system
    Central, Ductless (Heating)
    Cooling system
    Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1947
    Number of units
    5
    Building materials
    Asbestos, Frame, Vinyl Siding, Wood Siding
    Roof type
    Metal, Shingle
    Architectural style
    Other
    Additional Structures
    Outbuilding

    We can help!

    Contact an agent
    Connor Meckley

    Listing agent Connor Meckley License #3422871

    Listing office PREFERRED SHORE LLC 50 S. Lemon Ave STE 302, Sarasota, FL

    Listing date Jun 12, 2025

    MLS# TB8397140 Listing URL

    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.

    HighLights

    • Rare 0.80‑acre redevelopment opportunity in Sarasota's growing Park East neighborhood.
    • Located within an Opportunity Zone, offering potential tax benefits.
    • Zoning allows for mixed‑use development, including ground‑floor commercial, multifamily residential, and hotels.
    • Potential to achieve up to 100 units per acre through the City of Sarasota’s Attainable Housing Density Bonus Program.
    • Current income‑producing rental units generate $8,250 per month.
    • Strategically located near downtown Sarasota, US‑301, Fruitville Road, and I‑75, providing convenient access to amenities and transportation.

    Overview

    This offering is a five-parcel assemblage in Sarasota, presented for redevelopment with existing income-producing rental units. The property currently includes five rental units, generating total monthly rent of $8,250. The assemblage is approximately 0.80 acres, and the zoning supports multifamily development as well as mixed-use concepts, including ground-floor commercial alongside multifamily residential. Hotel development with ground-floor commercial is also contemplated under the stated zoning allowances. Building heights of up to four stories are permitted under current zoning, with base density of 25 units per acre.

    The site is located near downtown Sarasota and major regional connectors, including US-301, Fruitville Road, and I-75. The listing also notes proximity to Bayfront Park, Payne Park, Gillespie Park, and the Rosemary District. The property is described as being situated within an Opportunity Zone.

    For buyers evaluating redevelopment, the property offers holding revenue through the existing rental units while planning and entitlement work are pursued. The stated development framework includes the possibility of achieving up to 100 units per acre through participation in the City of Sarasota’s Attainable Housing Density Bonus Program, subject to required city approvals. Buyer is responsible for verifying zoning regulations, density bonus terms, and development entitlements with the City of Sarasota.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Dental Office Spa & Massage Center Hair Salon Law Firm Real Estate Agency Nail Salon Daycare Center Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.529239
    Latitude
    27.344264

    FAQs

    What type of property is this?
    Apartment building - Five-parcel multifamily site with existing rental income, Opportunity Zone status, and DTE zoning for mixed-use development.
    Where is this apartment building located?
    The property is located at 2050-2026 10TH 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.; Located within an Opportunity Zone, offering potential tax benefits.; Zoning allows for mixed‑use development, including ground‑floor commercial, multifamily residential, and hotels.
    More about this property
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