960 46Th StSarasota, FL 34234

Property Details for 960 46Th St

Year built

1953

Lot size

0.17 AC

Property size (Sq ft)

2,100 SF

Property type

Other multifamily properties

Property subtype

Residential income properties

Description

This exceptional investment opportunity presents a portfolio of three multi-family properties located at 960 46th Street, Sarasota, FL, totaling 2,100 square feet on a combined 0.17-acre lot. The properties are ideally situated for a commercial development project, offering significant potential for increased density. Currently, the combined properties boast a density of 135 units per acre. This presents a unique chance to acquire a strategically positioned asset with substantial upside potential. The properties are being offered as a package deal, providing a cohesive and scalable investment. The current zoning and density allow for a variety of development options, making this an attractive proposition for developers seeking to capitalize on Sarasota's thriving real estate market. The combined 0.17 acres provides a solid foundation for a larger-scale project, while the existing structures offer immediate income potential or redevelopment possibilities. This is a rare opportunity to acquire a well-located multi-family portfolio with significant potential for future growth and value appreciation. Serious inquiries are encouraged to explore the full potential of this unique investment opportunity. The asking price for the entire package is $1,200,000. This includes the property at 960 46th Street and two adjacent properties. The properties are being sold in conjunction with a property located at 4500 N Tamiami Trail as part of a larger land consideration for a commercial project.

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3734

Longitude

-82.5518

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