Downtown Sarasota Development
240 N Washington Blvd, Sarasota, FL 34236
Prime downtown corner lot with mixed-use development potential.
Type:Office
Property size:
50,459 SFLot size:
0.93 Acres- Added:
- Jun 27, 2023
- Days on Market:
- 1072
- Last Refresh:
- May 12 at 10:53 pm
Property Features for 240 N Washington Blvd
General Information
- Standard status
- Active
- Size
- 50,459 SF
- Lot size
- 0.93 Acres
- Property subtype
- Office
Listing agent Kevin Robbins License #SL3042951
Listing office Harry E Robbins Associate
Listing date Jun 27, 2023
Source Crexi
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 Harry E Robbins Associate
HighLights
- Prime Downtown Sarasota location in the new Park District, poised for significant growth and development.
- Significant development potential with Downtown Core (DTC) zoning allowing for high‑density mixed‑use or multi‑family development (up to 200 units per acre).
- Largest and last assemblage with DTC zoning in downtown Sarasota.
- Includes a parking easement of approximately 150 spaces in a newly constructed apartment building.
- Located in an Opportunity Zone, offering potential tax benefits.
- Excellent visibility and access via a full movement, signalized intersection at Fruitville and East.
Overview
This 50,459 square foot, 7-story office building presents a fantastic development opportunity on a main corner in Downtown Sarasota. Situated on 0.93 acres, the property is located in Block 1 of the new Park District, an upcoming development estimated to include 1,250 apartments, office spaces, retail locations, and other attractions. The site offers potential for mixed-use and multi-family development, or renovation for continued office use. The current Downtown Core zoning allows for a base density of 50 units per acre, with bonus density allowing up to 200 units per acre. A parking easement provides approximately 150 spaces in a to-be-built apartment building on Block 2, immediately east of the subject site. The development could potentially include retail, office, restaurant, multi-family, and hotel components. Centrally located at the entrance to the downtown core, the property benefits from easy pedestrian access and an abundance of shopping, dining, and entertainment options, resulting in a high walkability score. This parcel represents the largest and last assemblage with Downtown Core zoning in downtown Sarasota and is located in an Opportunity Zone. The property offers excellent visibility on Fruitville Road, East Avenue, and North Washington Boulevard, with access to a full movement, signalized intersection at Fruitville and East, and easy access back to Main and Washington.
Property Profile
Location Intelligence
Current Use by Public Records
Chase Mortgage
Loan Service
MethodFactory - Full-Service Digital ...
Advertising Agency
Mark Porter, Ed.D., ...
Physician
Sylint Group
Business Management Consultant
Interactive Computer
Electronics & Wireless Store
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Manatee
- State
- Florida
- Longitude
- -82.530771
- Latitude
- 27.3387039
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Prime downtown corner lot with mixed-use development potential.
Where is this office building located?
The property is located at 240 N Washington Blvd Sarasota, FL.
What are key features of this property?
This property features: Prime Downtown Sarasota location in the new Park District, poised for significant growth and development.; Significant development potential with Downtown Core (DTC) zoning allowing for high‑density mixed‑use or multi‑family development (up to 200 units per acre).; Largest and last assemblage with DTC zoning in downtown Sarasota.
