N Shade Ave, Sarasota, FL 34237

Listing agent Spencer Brannen License #FL SL3582071

Listing office Michael Saunders & Company

Listing date Jun 26, 2024

Source Crexi

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Overview

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.

Map

City

Sarasota

County

Manatee

State

Florida

Longitude

-82.519672

Latitude

27.336436

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FAQs

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).