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0 Shade AveSarasota, FL 34237

20-unit potential, prime Sarasota location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional commercial property, located on N Shade Ave in Sarasota, Florida (zip code 34237), presents a unique investment opportunity. The 36,375 square foot lot is zoned DTE, allowing for flexible development options, including a potential mixed-use project. Currently configured as a multifamily property with 20 units, the site offers significant upside potential for developers seeking to capitalize on the strong demand for both residential and commercial space in this thriving area. The property's prime location provides easy access to Sarasota's vibrant downtown, including renowned cultural attractions such as the Ringling Museum, Sarasota Opera House, and Van Wezel Performing Arts Hall. Nearby amenities include upscale shopping on Main Street and St. Armands Circle, as well as the beautiful Gulf Coast beaches and Sarasota Bayfront. The land value is $2,874,062 per acre. Additional Transfer of Development Rights (TDRs) are available, presenting further development possibilities. This is an exceptional opportunity to acquire a significant property in a highly desirable location within Sarasota County. The property's strategic positioning makes it an ideal investment for those seeking to make a substantial impact in this sought-after market.

Highlights

  • DTE zoning allows diverse development possibilities.
  • Excellent Sarasota location.
  • Mixed-use development potential.
  • High demand for both residential and commercial properties.
  • Transferable Development Rights (TDRs) available.
  • Expansion opportunity with additional buildable lots.

Property Details for 0 Shade Ave

Property type
Land
Units
20

Location Insight

City
Sarasota
County
Sarasota
State
Florida
Latitude
27.3422836
Longitude
-82.522163
Shade Ave, Sarasota, Florida

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0 Shade Ave
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