Shade Ave Sarasota, FL 34237
- Land
Current Use by Public Records
- Land
Property Details for 0 Shade Ave
- Property type
- Land
Description
This exceptional commercial property, located on N Shade Ave in Sarasota, Florida (zip code 34237), presents a unique investment opportunity. The 36,375 square foot lot is zoned DTE, allowing for flexible development options, including a potential mixed-use project. Currently configured as a multifamily property with 20 units, the site offers significant upside potential for developers seeking to capitalize on the strong demand for both residential and commercial space in this thriving area. The property's prime location provides easy access to Sarasota's vibrant downtown, including renowned cultural attractions such as the Ringling Museum, Sarasota Opera House, and Van Wezel Performing Arts Hall. Nearby amenities include upscale shopping on Main Street and St. Armands Circle, as well as the beautiful Gulf Coast beaches and Sarasota Bayfront. The land value is $2,874,062 per acre. Additional Transfer of Development Rights (TDRs) are available, presenting further development possibilities. This is an exceptional opportunity to acquire a significant property in a highly desirable location within Sarasota County. The property's strategic positioning makes it an ideal investment for those seeking to make a substantial impact in this sought-after market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Sarasota
- State
- Florida
- Longitude
- -82.5222
- Latitude
- 27.3423
