1715 Tamiami Trl Sarasota, FL 34234
- Land
Current Use by Public Records
- The Strand / Condominium Complex
Property Details for 1715 Tamiami Trl
- Property type
- Land
Description
This exceptional 36-unit residential development opportunity is located at 1715 N Tamiami Trail in Sarasota, Florida, 34234. Priced at $3,600,000, this shovel-ready site boasts 36,140 sellable square feet and offers a compelling investment in a prime Opportunity Zone location. The project's planned unit mix includes four 3-bedroom, twelve 2-bedroom, and twenty 1-bedroom units. Permitting is in the final stages, representing a significant time savings of over 16 months. The seller is offering financing options with 60% LTV at a 4% interest rate. This property enjoys a highly desirable location, minutes from downtown Sarasota, the new Bay Park, and numerous cultural attractions including the Sarasota Opera House, Van Wezel Performing Arts Center, multiple theaters, New College of Florida, Ringling University, and The Ringling Museum. Its proximity to neighborhood favorites like Wicked Cantina, The Reserve, and Whitaker Park further enhances its appeal. An adjacent parcel, separately listed, offers an additional 22-unit development opportunity. This is a rare chance to acquire a fully permitted, high-potential residential development site in a thriving Sarasota location.
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
- -82.547
- Latitude
- 27.3528
