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    Washington Blvd Sarasota, FL 34236

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    For Sale
    Contact for pricing

    Prime Sarasota land, multi-family potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.281-acre industrial land parcel presents a unique investment opportunity in Sarasota, Florida, specifically located at 0 N Washington Blvd, Sarasota, FL 34236. Zoned to allow for high-density development, this site boasts significant potential for a multi-family residential project. Under Sarasota's SB40 zoning regulations, the property allows for the construction of an 18-story building with a density of 200 units per acre, resulting in a total development capacity of approximately 1,600 units. The site's proximity to Gillespie Park adds significant value, offering residents convenient access to green space and recreational amenities. While tax records indicate a lower square footage than the actual available land, this discrepancy presents an advantageous opportunity for the discerning investor. This prime location in Sarasota County offers exceptional potential for a high-return, multi-family development catering to the growing demand for affordable housing options in the area. The property's size and zoning make it an ideal candidate for a large-scale project, promising substantial returns for the right developer. Further due diligence is recommended to verify all aspects of the property and its development potential.

    Property Features for 0 Washington Blvd

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5314117
    Latitude
    27.3406274

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    FAQs

    What type of property is this?
    Land - Prime Sarasota land, multi-family potential.
    Where is this land located?
    The property is located at Washington Blvd Sarasota, FL.
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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
    Washington Blvd Sarasota, FL 34236
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