For Sale
$2,650,000

1001 Washington BlvdSarasota, FL 34236

Prime Sarasota location, high-density potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
Investor/developer alert! This exceptional opportunity presents a vacant, 4,236 square foot, Class B office building situated on a 25,830 square foot lot in Sarasota, Florida's vibrant Gillespie Park neighborhood. The property, located at 1001 N Washington Blvd, boasts a desirable Downtown Edge (DTE) zoning designation, offering unparalleled flexibility for redevelopment. With no minimum setback and a maximum ten-foot setback along 10th Street, along with no maximum building coverage, the site allows for creative and expansive designs. The zoning permits a range of development options, including duplexes, live-work spaces, commercial buildings, or mixed-use projects. The property's high-density potential allows for up to 56 units, making it ideal for multi-family or mixed-use development, potentially enhanced by an affordable density bonus. This seven-story building currently features 56 units. The property's prime location offers easy access to Sarasota's downtown core, including marinas, restaurants, shops, and cultural attractions, as well as world-class beaches. The surrounding Gillespie Park provides residents with a 10-acre park featuring amenities such as tennis courts, a dog park, playground, basketball courts, and a serene lake. The property's proximity to the $150 million THE BAY project further enhances its investment appeal. The asking price is $2,650,000. This is a rare opportunity to acquire a significant property in a rapidly developing area.

Highlights

  • Downtown Edge (DTE) zoning allows for diverse development options, including duplexes, live/work spaces, commercial, or mixed-use projects.
  • Highly flexible development potential: No minimum setback, 10-foot maximum setback on 10th Street, and no maximum building coverage.
  • High-density potential: Up to 56 units possible with affordable density bonus, ideal for multi-family or mixed-use development.
  • Excellent Gillespie Park neighborhood location: Features a 10-acre park with amenities including tennis courts, dog park, playground, and more.
  • Prime location: Walking distance to Sarasota's downtown core, including marinas, restaurants, shops, and beaches.
  • Proximity to the $150 million THE BAY project enhances investment value.

Property Details for 1001 Washington Blvd

Property type
Office properties, Mixed-use properties
Square Feet
4,236 SF
Class
B
Stories
7
Units
56

Location Insight

City
Sarasota
County
Sarasota
State
Florida
Latitude
27.3447702
Longitude
-82.5314044
1001 Washington Blvd, Sarasota, Florida

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1001 Washington Blvd
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