1800 Tamiami TrlSarasota, FL 34234

This exceptional 1.13-acre development site in Sarasota, Florida, presents a unique opportunity to construct a 33-unit apartment or condominium project. Located at 1800 N Tamiami Trail, Sarasota, FL 34234, this property boasts approved site plans (DRC) and is situated in a highly desirable Opportunity Zone, offering significant tax advantages. The approved plans represent a substantial time savings of over 12 months, eliminating the lengthy permitting process. Buyers can simply engage a contractor and proceed directly to obtaining a full construction permit. The site is designed for large units, catering to a growing demand for spacious living spaces. The property's prime location offers unparalleled convenience, with proximity to downtown Sarasota, the new Bay Park, and a wealth of cultural attractions including the Sarasota Opera House, Van Wezel Performing Arts Center, numerous theaters, New College of Florida, Ringling University, and The Ringling Museum. Nearby amenities include popular establishments like Wicked Cantina and The Reserve, as well as Whitaker Park. Furthermore, the seller is offering attractive financing options, including 60% LTV financing at a 4% interest rate. This presents a compelling investment opportunity with significant potential for substantial returns. The asking price for this exceptional development site is $2,995,000.