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    1993 Main St Sarasota, FL 34236

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    For Sale
    Contact for pricing

    3.25-acre redevelopment opportunity

    Property size:
    104,506 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.25-acre property at 1993 Main St, Sarasota, FL 34236, presents a prime redevelopment opportunity in Sarasota's vibrant downtown core. Currently featuring a vacant 104,506 square foot storefront building constructed in 1997, this site offers significant potential for mixed-use development, including hotel, condominium, office, or retail uses, or a combination thereof. The property is zoned DTC - Downtown Core and includes an existing 75,000 square foot building on a 2-acre portion of the site, currently generating $1.55 million in annual revenue. A separate 1.25-acre parcel is available for immediate development. The property boasts excellent visibility and accessibility, with frontage on Main Street (US-301) and Fruitville Road, benefiting from high pedestrian and vehicular traffic. An easement provides access to 211 parking spaces in an adjacent garage. Further enhancing its appeal, 20-foot wide sidewalks are being added to Main Street, and the area is experiencing significant redevelopment activity. This is an exceptional land bank opportunity with superior ingress and egress, facilitated by access to four lighted intersections. APN: 2027010005 & 2027010006. Offers are being accepted until June 22nd.

    Property Features for 1993 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    104,506 SF
    Lot Size
    141,570 SF

    Building Details

    Year Built
    1997
    Buildings
    1

    HighLights

    • 104,506 SF vacant storefront for sale in Sarasota, FL.
    • Located at 1993 Main St, Sarasota, FL 34236, this redevelopment opportunity sits on a 3.25‑acre lot (APN: 2027010005 & 2027010006).
    • Property is zoned DTC - Downtown Core and offers excellent visibility on Main Street, US‑301, and Fruitville Road.
    • The site includes a 1.25‑acre parcel ready for immediate development, plus an existing 75,000 SF building generating $1.55M in annual revenue (currently 70% occupied).
    • This mixed‑use development opportunity allows for hotel, condominium, office, retail, or a combination thereof. Includes easement for 211 parking spaces in an adjacent garage. For sale by owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Regal Hollywood - Sarasota Movie Theater puvlix Grocery Store Regal Grill Bar & Grill

    Suggested Use

    Restaurant Dental Office Spa & Massage Law Firm Hair Salon Realty agency Nail Salon Clothing Store Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.531072485293
    Latitude
    27.336638210096

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    FAQs

    What type of property is this?
    Individual retail property - 3.25-acre redevelopment opportunity
    Where is this individual retail property located?
    The property is located at 1993 Main St Sarasota, FL.
    What are key features of this property?
    This property features: 104,506 SF vacant storefront for sale in Sarasota, FL.; Located at 1993 Main St, Sarasota, FL 34236, this redevelopment opportunity sits on a 3.25-acre lot (APN: 2027010005 & 2027010006).; Property is zoned DTC - Downtown Core and offers excellent visibility on Main Street, US-301, and Fruitville Road.
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    1993 Main St Sarasota, FL 34236
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    Sarasota, FL 34236
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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
    1993 Main St Sarasota, FL 34236
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