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This centrally located, five-parcel assemblage in Sarasota's Park East neighborhood offers a rare redevelopment opportunity in an area experiencing ongoing growth. Totaling approximately 35,000 square feet (350 road frontage x 100) deep or (0.80 acres), the site currently includes five income- producing rental units bringing in a total of $8,250 per month. The property is also situated within an Opportunity Zone. Zoning allows for mixed-use development with ground-floor commercial and multifamily residential uses as well as hotel developments with ground-floor commercial. The property supports a base density of 25 units per acre, with the potential to achieve up to 100 units per acre through participation in the City of Sarasota's Attainable Housing Density Bonus Program. Building heights of up to four stories are permitted under current zoning. The property is strategically located near downtown Sarasota, US-301, Fruitville Road, and I-75, offering convenient access to local employers, retail corridors, and regional transportation. Nearby recreational and cultural amenities include Bayfront Park, Payne Park, Gillespie Park, and the Rosemary District. Rental income provides holding revenue while entitlements and development planning are pursued. Buyer is responsible for verifying all zoning regulations, density bonuses, and development entitlements with the City of Sarasota.
| DAYS ON MARKET | 254 | LAST UPDATED | 9/4/2025 |
|---|---|---|---|
| TRACT | SHANANDOAH PARK | YEAR BUILT | 1947 |
| COMMUNITY | 34237 - Sarasota | COUNTY | Sarasota |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 34237 - Sarasota |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Asbestos, Frame, Vinyl Siding, Wood Siding |
| HEAT | Central, Ductless |
| LOT | 0.8 acre(s) |
| LOT DESCRIPTION | Near Public Transit, Paved |
| LOT DIMENSIONS | 350x100 |
| SEWER | Public Sewer |
| SUBDIVISION | SHANANDOAH PARK |
| TAXES | 18776.7 |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Connor Meckley, PREFERRED SHORE LLC, 941-999-1179
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 2/21/26 4:51 AM PST.
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