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    Shade Ave Sarasota, FL 34237

    For Sale
    Contact for pricing

    20-unit potential, prime Sarasota location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional commercial property, located on N Shade Ave in Sarasota, Florida (zip code 34237), presents a unique investment opportunity. The 36,375 square foot lot is zoned DTE, allowing for flexible development options, including a potential mixed-use project. Currently configured as a multifamily property with 20 units, the site offers significant upside potential for developers seeking to capitalize on the strong demand for both residential and commercial space in this thriving area. The property's prime location provides easy access to Sarasota's vibrant downtown, including renowned cultural attractions such as the Ringling Museum, Sarasota Opera House, and Van Wezel Performing Arts Hall. Nearby amenities include upscale shopping on Main Street and St. Armands Circle, as well as the beautiful Gulf Coast beaches and Sarasota Bayfront. The land value is $2,874,062 per acre. Additional Transfer of Development Rights (TDRs) are available, presenting further development possibilities. This is an exceptional opportunity to acquire a significant property in a highly desirable location within Sarasota County. The property's strategic positioning makes it an ideal investment for those seeking to make a substantial impact in this sought-after market.

    Property Features for 0 Shade Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Units
    20

    HighLights

    • DTE zoning allows diverse development possibilities.
    • Excellent Sarasota location.
    • Mixed‑use development potential.
    • High demand for both residential and commercial properties.
    • Transferable Development Rights (TDRs) available.
    • Expansion opportunity with additional buildable lots.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.522163
    Latitude
    27.3422836

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    FAQs

    What type of property is this?
    Multifamily property - 20-unit potential, prime Sarasota location
    Where is this multifamily property located?
    The property is located at Shade Ave Sarasota, FL.
    What are key features of this property?
    This property features: DTE zoning allows diverse development possibilities.; Excellent Sarasota location.; Mixed-use development potential.
    Request Owner's contact information
    Shade Ave Sarasota, FL 34237
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Shade Ave Sarasota, FL 34237
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