Rosemary District Triplex with Development
420 KUMQUAT Ct Sarasota, FL 34236
For Sale
$1,525,000
Triplex in downtown Sarasota with income and development opportunities.
Days on Market102
Property Features for 420 KUMQUAT Ct
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1981
Listing Agency:
PREMIER SOTHEBYS INTL REALTY
(941) 920-1500
Listed By:
Frank Lambert · License #0345242
(941) 920-1500
Source:
Elliman
Added: Apr 14
Changed: Jul 10
Last Checked: Jul 23 at 11:32AM
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 PREMIER SOTHEBYS INTL REALTY
Investment Insights
Based on property information with market context.
Located in the Rosemary District, this property offers opportunities for investors and developers in a downtown growth corridor. The property includes a triplex that generates over $5,000 per month in potential rental income. Zoned Downtown Edge (DTE), the site allows for residential, commercial, or mixed-use development. The property is adjacent to a newly constructed five-story mixed-use condominium with 24 residences. An additional opportunity exists with the neighboring parcel to the south, which is also available. With a combined acquisition cost of $3,220,000, there is potential to develop up to 24 residential units, subject to municipal approvals. The seller can also transfer plans for a seven-unit condominium project. The location is within approximately six blocks of more than 60 restaurants, Sarasota Farmers Market, Sarasota Bayfront, Whole Foods Market, and Sarasota’s arts and theater district. The Bay Park, a 53-acre waterfront park, is approximately four blocks away, with additional access to Payne Park and Legacy Trail. Connectivity is enhanced by the Bay Runner Trolley, offering service from downtown to St. Armands Circle and Lido Beach. The bike score is 62, making it bikeable, the walk score is 88, making it very walkable, and the transit score is 44, indicating some transit options.
Key Highlights
- Prime Rosemary District location with Downtown Edge (DTE) zoning allowing for residential, commercial, or mixed‑use development.
- Existing triplex generates over $5,000/month in rental income, providing immediate cash flow.
- Potential to develop up to 24 residential units with acquisition of neighboring parcel (subject to approvals).
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex in downtown Sarasota with income and development opportunities.
Where is this triplex located?
The property is located at 420 KUMQUAT Ct Sarasota, FL.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: Prime Rosemary District location with Downtown Edge (DTE) zoning allowing for residential, commercial, or mixed‑use development.; Existing triplex generates over $5,000/month in rental income, providing immediate cash flow.; Potential to develop up to 24 residential units with acquisition of neighboring parcel (subject to approvals).
