10-Unit Apartment
For Sale
Contact for pricing
2700 Palmadelia Avenue, Sarasota, FL 34234
CBN zoning supports multifamily use within Sarasota’s Newtown Redevelopment Area.
Property Size7,744 SF
Lot Size0.54 Acres
Price / SF$355.11
Days on Market83
Property Features for 2700 Palmadelia Avenue
General Information
Standard status
Active
Size
7,744 SF
Net Rentable
7,744 SF
Class
C
Total Parking Spaces
23
Lot size
0.54 Acres
Property subtype
Multifamily
Zoning
Commercial Business Newtown
Investment Type
Stabilized
Financials
Asking Price
$2,750,000
Gross Income
$192,000
Units
Unit Mix
8 x 2BR/1BA, 2 x 3BR/1BA
Multifamily Units
10
Building Details
Year Built
1980
Year Renovated
2004
Buildings
1
Stories
2
Units
10
Tenancy
Multi
Listing Agency:
DOUGLAS ELLIMAN
Listed By:
Rex Glasson · License #FL BK3067512
(941) 587-6135
Source:
Crexi
Added: Jul 28
Changed: Oct 1
Last Checked: Oct 16 at 9:19AM
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 DOUGLAS ELLIMAN
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Investment Insights
Based on property information with market context.
This 10-unit apartment building, constructed in 1980, contains approximately 7,744 square feet of rentable space. The unit mix includes eight two-bedroom, one-bath residences and two three-bedroom, one-bath residences. The property sits on a 23,500-square-foot site with 23 on-site parking spaces.
Located at 2700 Palmadelia Avenue in Sarasota, the property is within the Newtown Redevelopment Area and carries Commercial Business Newtown (CBN) zoning. The zoning supports continued multifamily use and provides flexibility for future redevelopment or repositioning. The asset may be acquired individually or as part of a larger five-property portfolio offering.
Located at 2700 Palmadelia Avenue in Sarasota, the property is within the Newtown Redevelopment Area and carries Commercial Business Newtown (CBN) zoning. The zoning supports continued multifamily use and provides flexibility for future redevelopment or repositioning. The asset may be acquired individually or as part of a larger five-property portfolio offering.
Key Highlights
- 10‑unit apartment building built in 1980
- Eight two‑bedroom/one‑bath units and two three‑bedroom/one‑bath units
- Approximately 7,744 square feet of rentable space
Property Analytics
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Current Use
Lease Details
10
Residential units
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - CBN zoning supports multifamily use within Sarasota’s Newtown Redevelopment Area.
Where is this apartment building located?
The property is located at 2700 Palmadelia Avenue Sarasota, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 10‑unit apartment building built in 1980; Eight two‑bedroom/one‑bath units and two three‑bedroom/one‑bath units; Approximately 7,744 square feet of rentable space
