240 Washington Blvd Sarasota, FL 34236

This exceptional 50,459-square-foot, seven-story Class B office building presents a remarkable investment and development opportunity in the heart of downtown Sarasota, Florida. Situated on a prominent corner lot at 240 N Washington Blvd, 34236, this 0.93-acre parcel is the largest remaining assemblage with Downtown Core (DTC) zoning, offering unparalleled potential. The property benefits from its location within Block 1 of the new Park District, a vibrant mixed-use development projected to include 1,250 apartments, office spaces, retail establishments, and various attractions. Current zoning allows for a base density of 50 units per acre, with bonus density potentially increasing this to 200 units per acre. A parking easement secures approximately 150 spaces in a planned adjacent apartment building. The site's strategic location at the entrance to the downtown core ensures high visibility and easy pedestrian access to an abundance of shopping, dining, and entertainment options, boasting a high walkability score. Excellent visibility is further enhanced by its frontage on Fruitville Road, East Avenue, and North Washington Boulevard, with convenient access to a signalized intersection at Fruitville and East Avenues, and easy access to Main and Washington. The property's location within an Opportunity Zone adds further investment appeal. The existing building offers the potential for renovation and continued office use, or redevelopment into a mixed-use project incorporating retail, office, restaurant, multi-family, and hotel components.