Sarasota Land for Mixed-Use
For Sale
Contact for pricing
N Shade Ave, Sarasota, FL 34237
Versatile site for mixed-use development near downtown Sarasota.
Days on Market769
Property Features for N Shade Ave
General Information
Standard status
Active
Property subtype
Multifamily, Land
Listing Agency:
Michael Saunders & Company
Listed By:
Spencer Brannen · License #FL SL3582071
Source:
Crexi
Added: Jun 26, 2024
Changed: Jul 6
Last Checked: Aug 2 at 3:28PM
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 Michael Saunders & Company
Investment Insights
Based on property information with market context.
Located at the intersection of Fruitville Rd and N Shade Ave in Sarasota, FL, this property is zoned Downtown Edge. It offers an opportunity for mixed-use development with frontage on a major arterial road. The site provides access to urban amenities, making it suitable for a land or multifamily developer interested in rental income development or condo sales. Additional trade density rights are available through the City's Downtown Attainable Housing Density Bonus Program, potentially allowing up to four times the allowable units for this zoning district. The location is near downtown Sarasota and its arts and culture district, accessible within a 5-minute drive. SRQ International Airport and I-75 are both within 15 minutes of the site. The surrounding area includes a culinary scene and upscale shopping experiences such as Main Street Shops and St. Armand's Circle. Gulf Coast beaches and the Sarasota Bayfront are also nearby.
Key Highlights
- Zoned Downtown Edge, ideal for mixed‑use development with frontage on a major arterial.
- Opportunity for increased density via the City's Downtown Attainable Housing Density Bonus Program.
- Easy access to Downtown Sarasota's vibrant amenities, arts, and culture district (less than 5 minutes).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,882
Businesses Nearby
Explore this area
Business Placement
Demographics for 34237, FL
16,740
Population
9,194
Households
1.8
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
4,292
Density / Sq Mi
$63,133
Median Household Income
$35,044
Median Earnings
$1,524
Median Rent
$234,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Versatile site for mixed-use development near downtown Sarasota.
Where is this commercial land located?
The property is located at N Shade Ave Sarasota, FL.
What is the asking price?
The asking price for this property is $4,295,000.
What are key features of this property?
This property features: Zoned Downtown Edge, ideal for mixed‑use development with frontage on a major arterial.; Opportunity for increased density via the City's Downtown Attainable Housing Density Bonus Program.; Easy access to Downtown Sarasota's vibrant amenities, arts, and culture district (less than 5 minutes).
