1530 Dolphin StSarasota, FL 34236

Property Details for 1530 Dolphin St

Year built

1959

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.49 AC

Property size (Sq ft)

9,500 SF

Zone code

DTC

Property type

Retail properties

Property subtype

Retail space

APN

2027-11-0008

APU

2027110008

Description

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.

• 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

Property Tax & Assessments

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