Rosemary District Triplex with Development
For Sale
$1,525,000
420 KUMQUAT Ct, Sarasota, FL 34236
Triplex in downtown Sarasota with income and development opportunities.
Property Size1,824 SF
Days on Market148
Property Features for 420 KUMQUAT Ct
General Information
Standard status
Active
Size
1,824 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,860
Building Details
Building Size
1,824 SF
Year Built
1981
Listing Agency:
PREMIER SOTHEBYS INTL REALTY
Listed By:
Frank Lambert · License #0345242
(941) 920-1500
Source:
Elliman
Added: Apr 14
Changed: Sep 5
Last Checked: Sep 8 at 5:23AM
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
Current Use
Location Intelligence
Trade Area within ½ mile
6,274
Businesses Nearby
Explore this area
Business Placement
Demographics for 34236, FL
14,083
Population
11,661
Households
1.2
Avg Household Size
66
Median Age
62%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
3,912
Density / Sq Mi
$96,400
Median Household Income
$48,828
Median Earnings
$2,010
Median Rent
$917,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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).
