455 Lime Ave Sarasota, FL 34237-5124

Property Details for 455 Lime Ave

Year built

1977

Lot size

0.39 lot acres

Property size

5,000 SF

Zone code

DTE

Property type

Retail space

APN

2028-11-0020

APU

2028110020

Description

This 5,000 square foot free-standing retail building, located at 455 N Lime Ave in Sarasota, Florida (zip code 34237), presents a unique investment opportunity. Built in 1977, this single-story structure sits on a lot zoned DTE-DOWNTOWN EDGE, allowing for diverse redevelopment options. Currently configured as a single-tenant retail space, the building features three separate storefront entrances, making it easily adaptable for multi-tenant occupancy. The interior includes multiple open showrooms, offices, and bathrooms, with each potential unit benefiting from fully air-conditioned space and rear storage. Ample parking is available at the rear, supplemented by a fully fenced storage area on the south side of the building. The property's location within Sarasota's Park East District, just north of Fruitville Road, offers excellent walkability to numerous offices, mixed-use developments, and restaurants. Future zoning allows for up to 100 units per acre and up to five stories, making this an ideal site for mixed-use development, including office, medical, retail, restaurant, or multi-family uses. The asking price is $1,350,000, translating to $270 per square foot. This property is poised for significant growth and offers substantial return potential for owner-users seeking redevelopment opportunities. The current single-occupancy retail use can continue, or the property can be redeveloped to take advantage of the area's growth and the flexible zoning.

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Longitude

-82.5245

Latitude

27.3404

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments