916 46Th St Sarasota, FL 34234
This exceptional investment opportunity presents a unique chance to acquire a multi-family property located at 916 46th Street, Sarasota, Florida. The property encompasses 1,520 square feet and sits on a 0.29-acre lot. This offering includes the potential for a bulk purchase, encompassing this property and the adjacent property at 4500 N Tamiami Trail. This combined acquisition presents a compelling land consideration for a commercial development project. The current zoning allows for a high density of 135 units per acre, offering significant potential for increased returns. The existing structure at 916 46th Street is a multi-family building, providing immediate income potential or the opportunity for redevelopment. The combined acreage of both properties offers a substantial footprint for a larger-scale commercial venture. This is an ideal opportunity for investors seeking to capitalize on the strong Sarasota real estate market and the potential for significant density increases. The property's location in Sarasota offers convenient access to local amenities, transportation routes, and a thriving business environment. Serious inquiries are encouraged to explore the full potential of this unique investment opportunity. The asking price for this property is $1,200,000. Further details regarding the bulk sale and potential development plans are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.