414 Lime Ave Sarasota, FL 34237

The property is a development site of approximately 2 acres located near the US-301 and Fruitville corridor on the downtown edge of Sarasota. It is zoned Downtown Edge (DTE), which permits up to 100 residential units per acre, as well as medical or general offices, retail, and other uses. The parcel is positioned within a block of a lighted intersection, providing convenient access to major north/south and east/west thoroughfares. The site supports mixed-use development and allows for nearly 50 residential units under existing entitlements, with a future land use application proposing additional density up to approximately 134 units and an estimated 10,000+ square feet of ground-floor retail space. The immediate area is characterized by ongoing redevelopment, including a hotel, luxury apartment development, retail space, and a grocery store, and it lies within the broader Sarasota employment and tourism corridor near major employers such as Sarasota Memorial Hospital. The property is also located relatively close to Siesta Key Beach, Lido Key Beach, and St. Armand’s Circle.