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    2101 Main St Sarasota, FL 34237

    For Sale
    $2,500,000

    Prime Main Street location, OZ Qualified

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 11,485 sq ft commercial lot in downtown Sarasota, FL (APN 2029040014), is situated on Main Street, just east of the 301 N/S thoroughfare. Zoned DTC, it's located within an Opportunity Zone, offering significant tax advantages. The property's prime location is adjacent to a planned $500 million development, promising substantial future appreciation. Current zoning permits construction of up to a 10-story building. Pre-approved plans for a 14-unit multi-family townhome development with parking are available, providing a ready-made blueprint or a solid foundation for custom development. This presents a rare opportunity to capitalize on Sarasota's thriving downtown core and the benefits of an Opportunity Zone designation. The asking price is $2,500,000. Seize this chance to build your vision in a dynamic and rapidly developing area. This is a truly unique opportunity for investors seeking high-growth potential and tax advantages.

    Property Features for 2101 Main St

    General Information

    Property type
    Land

    HighLights

    • Highly desirable vacant corner lot in Sarasota's central business district, located in a Qualified Opportunity Zone.
    • Downtown Core zoning permits a 10‑story building; pre‑approved plans for a 14‑unit multi‑family building with parking are available.
    • Adjacent to a planned $500 million development, promising significant future appreciation.
    • Qualified Opportunity Zone (QOZ) designation offers substantial tax advantages.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.528259355796
    Latitude
    27.336433359021

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    FAQs

    What type of property is this?
    Land - Prime Main Street location, OZ Qualified
    Where is this land located?
    The property is located at 2101 Main St Sarasota, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Highly desirable vacant corner lot in Sarasota's central business district, located in a Qualified Opportunity Zone.; Downtown Core zoning permits a 10-story building; pre-approved plans for a 14-unit multi-family building with parking are available.; Adjacent to a planned $500 million development, promising significant future appreciation.
    (941) 285-6727
    Request Owner's contact information
    2101 Main St Sarasota, FL 34237
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    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
    2101 Main St Sarasota, FL 34237
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