916 46Th StSarasota, FL 34234

Property Details for 916 46Th St

Year built

1953

Lot size

0.29 AC

Property size (Sq ft)

1,520 SF

Property type

Other multifamily properties

Property subtype

Residential income properties

Description

This exceptional investment opportunity presents a unique chance to acquire a multi-family property located at 916 46th Street, Sarasota, Florida. The property encompasses 1,520 square feet and sits on a 0.29-acre lot. This offering includes the potential for a bulk purchase, encompassing this property and the adjacent property at 4500 N Tamiami Trail. This combined acquisition presents a compelling land consideration for a commercial development project. The current zoning allows for a high density of 135 units per acre, offering significant potential for increased returns. The existing structure at 916 46th Street is a multi-family building, providing immediate income potential or the opportunity for redevelopment. The combined acreage of both properties offers a substantial footprint for a larger-scale commercial venture. This is an ideal opportunity for investors seeking to capitalize on the strong Sarasota real estate market and the potential for significant density increases. The property's location in Sarasota offers convenient access to local amenities, transportation routes, and a thriving business environment. Serious inquiries are encouraged to explore the full potential of this unique investment opportunity. The asking price for this property is $1,200,000. Further details regarding the bulk sale and potential development plans are available upon request.

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3734

Longitude

-82.5528

FAQs

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