Downtown Sarasota Development
For Sale
Contact for pricing
Pending
1400 Fruitville Rd, Sarasota, FL 34236
0.33 acres in downtown Sarasota zoned for mixed-use development.
Property SizeContact for details
Lot Size0.33 Acres
Days on Market1269
Property Features for 1400 Fruitville Rd
General Information
Standard status
Pending
Lot size
0.33 Acres
Property subtype
Retail, Office
Zoning
DTC
Building Details
Buildings
1
Listing Agency:
Ian Black Real Estate LLC
Listed By:
Stephen Horn · License #FL BK3062100
(407) 650-3615
Source:
Crexi
Added: Mar 14, 2023
Changed: Aug 8
Last Checked: Jul 24 at 12:12PM
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 Ian Black Real Estate LLC
Investment Insights
Based on property information with market context.
This 0.33-acre property is located at the southwest corner of Fruitville Rd and Central Avenue in downtown Sarasota. Zoned Downtown Core (DTC), the property allows for mixed-use development, including residential, multi-family, office, hotel, and retail uses. It is suited for a boutique condominium project and offers views to the west and north. The residential base density is calculated at 50 units per acre, totaling 16 units. For affordable housing, the base density is 200 units per acre, potentially accommodating 66 units. A possible configuration includes 56 market-rate units and 10 affordable units, with affordability tiers based on the Area Median Income (AMI). Specifically, one-third of the affordable units need to be priced at 80% of AMI, one-third at 100% of AMI, and one-third at 120% of AMI. Note that 15% of the units above the base density are required to be affordable.
Key Highlights
- Prime downtown Sarasota location at the corner of Fruitville Rd and Central Avenue.
- Zoned Downtown Core (DTC) allowing for mixed‑use development.
- Permitted uses include Residential, Multi‑Family, Office, Hotel, and Retail.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,803
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 0.33 acres in downtown Sarasota zoned for mixed-use development.
Where is this commercial land located?
The property is located at 1400 Fruitville Rd Sarasota, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Prime downtown Sarasota location at the corner of Fruitville Rd and Central Avenue.; Zoned Downtown Core (DTC) allowing for mixed‑use development.; Permitted uses include Residential, Multi‑Family, Office, Hotel, and Retail.
