1400 Fruitville RdSarasota, FL 34236

Property Details for 1400 Fruitville Rd

Year built

1995

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.22 AC

Property size (Sq ft)

4,514 SF

Zone code

DTC

Property type

Retail properties

Property subtype

Other individual retail properties

APN

2026-14-0039

APU

2026140039

Description

This exceptional .33-acre land parcel presents a unique development opportunity in the heart of downtown Sarasota, Florida. Situated at the southwest corner of Fruitville Road and Central Avenue, this property is zoned Downtown Core (DTC), allowing for a diverse range of mixed-use projects. Permitted uses include residential, multi-family, office, hotel, and retail developments. The site offers excellent views to the west and north, making it particularly well-suited for a boutique condominium project. Based on zoning regulations, the site could potentially accommodate up to 16 units under base density or up to 66 units under higher density allowances, with affordable housing requirements potentially impacting the final unit count. Specifically, higher density development would require a minimum of 10 affordable units, distributed across three AMI tiers (80%, 100%, and 120%). The property's prime location and flexible zoning provide significant potential for a high-return investment. This is a rare opportunity to acquire a strategically located development site in a thriving downtown area. The address is 1400 Fruitville Rd, Sarasota, FL 34236.

• CAP approach

  CAP return

  Valuation

  6%

  $1,760,155

  6.5%

  $1,624,758

  7%

  $1,508,704

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,281,990

  Geo Method

  $2,077,467

• Alternative Use

  Use

  Valuation

  Residential

  $1,370,544

  Hospitality

  $1,255,411

  Educational

  $1,044,488

  Medical

  $1,080,409

  Retail

  $1,624,758

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3386

Longitude

-82.5424

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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