2050-2026 10th, SARASOTA, FL 34237
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  • MLS#: TB8397724 ( Land )
  • Street Address: 2050-2026 10th
  • Viewed: 14
  • Price: $2,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 20
  • Additional Information
  • Geolocation: 27.3443 / -82.53
  • County: SARASOTA
  • City: SARASOTA
  • Zipcode: 34237
  • Provided by: PREFERRED SHORE LLC
  • mfrmls
  • DMCA Notice
  • Description
    This centrally located, five parcel assemblage in Sarasotas Park East neighborhood offers a rare redevelopment opportunity in an area experiencing ongoing growth. Totaling approximately 35,000 square feet (350 road frontage x 100) deep or (0.80 acres), the site currently includes five income producing rental units bringing in a total of $8,250 per month. The property is also situated within an Opportunity Zone. Zoning allows for mixed use development with ground floor commercial and multifamily residential uses as well as hotel developments with ground floor commercial. The property supports a base density of 25 units per acre, with the potential to achieve up to 100 units per acre through participation in the City of Sarasotas Attainable Housing Density Bonus Program. Building heights of up to four stories are permitted under current zoning. The property is strategically located near downtown Sarasota, US 301, Fruitville Road, and I 75, offering convenient access to local employers, retail corridors, and regional transportation. Nearby recreational and cultural amenities include Bayfront Park, Payne Park, Gillespie Park, and the Rosemary District. Rental income provides holding revenue while entitlements and development planning are pursued. Seller financing may be available, subject to terms. Buyer is responsible for verifying all zoning regulations, density bonuses, and development entitlements with the City of Sarasota.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
Land Information
  • Lot Features: City Limits, Near Public Transit, Sidewalk, Paved
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Current Use: Residential
  • Legal Description: LOTS 3 & 5 BLK B SHENANDOAH PARK, LOT 7 BLK B SHENANDOAH PARK, LOT 9 BLK B SHENANDOAH PARK, LOT 11 BLK B SHENANDOAH PARK, LOTS 13 & 15 BLK B SHENANDOAH PARK
  • Area Major: 34237 - Sarasota
  • Parcel Number: 2028040036
  • Views: 14
  • Zoning Code: DTE