This exceptional 11,494-square-foot retail shopping center presents a prime redevelopment opportunity in downtown Sarasota, Florida. Located on a 0.488-acre corner lot at 1530 Dolphin St, 34236, this Class B property boasts generous parking and convenient access. Its Downtown Core (DTC) zoning allows for diverse uses and significant redevelopment potential. The site's base density is 50 units per acre, with a potential bonus density of up to 200 units per acre achievable by designating 15% of additional units as affordable housing, resulting in a maximum density of approximately 97 units. This location offers unparalleled access to Sarasota's vibrant downtown, the bayfront, and the popular Burns Court district. Nearby amenities include abundant shopping, dining, existing condominium projects, and various entertainment venues, all within close proximity to other redevelopment projects. This property represents an exceptional investment opportunity in a thriving urban environment. The property's prime location and high-density zoning make it an attractive prospect for developers seeking to capitalize on Sarasota's dynamic growth.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$3,704,358
6.5%
$3,419,408
7%
$3,175,164
Comparable approach
Method
Valuation
Relative Method
$4,802,594
Geo Method
$4,372,162
Alternative Use
Use
Valuation
Residential
$2,884,398
Hospitality
$2,642,093
Educational
$2,198,190
Medical
$2,273,790
Retail
$3,419,408
Location Insight
City
Sarasota
County
Sarasota
State
Florida
Latitude
27.333
Longitude
-82.539
CBSA code
35840
CBSA name
NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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