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1400 Fruitville RdSarasota, FL 34236

.33-acre Multi-Family Development Site

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional .33-acre land parcel presents a unique development opportunity in the heart of downtown Sarasota, Florida. Situated at the southwest corner of Fruitville Road and Central Avenue, this property is zoned Downtown Core (DTC), allowing for a diverse range of mixed-use projects. Permitted uses include residential, multi-family, office, hotel, and retail developments. The site offers excellent views to the west and north, making it particularly well-suited for a boutique condominium project. Based on zoning regulations, the site could potentially accommodate up to 16 units under base density or up to 66 units under higher density allowances, with affordable housing requirements potentially impacting the final unit count. Specifically, higher density development would require a minimum of 10 affordable units, distributed across three AMI tiers (80%, 100%, and 120%). The property's prime location and flexible zoning provide significant potential for a high-return investment. This is a rare opportunity to acquire a strategically located development site in a thriving downtown area. The address is 1400 Fruitville Rd, Sarasota, FL 34236.

Highlights

  • 0.33-acre land parcel in downtown Sarasota, Florida.
  • Located at the southwest corner of Fruitville Road and Central Avenue.
  • Zoned Downtown Core (DTC), allowing mixed-use development including residential, multi-family, office, hotel, and retail.
  • Excellent views to the west and north.
  • Suitable for a boutique condominium project.

Property Details for 1400 Fruitville Rd

Property type
Land, High-rise multifamily apartments
Lot Size (sq. ft)
14,375 SF

Location Insight

City
Sarasota
County
Sarasota
State
Florida
Latitude
27.338805318203
Longitude
-82.542577277927
1400 Fruitville Rd, Sarasota, Florida

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1400 Fruitville Rd
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