Land - Real Estate in Sarasota
SOLD for $430,000 on March 14, 2022
Listing Price: $499,000Sold Price: $430,000Sold Price/List Price: 86%
Sold Price/Original List Price: 82.69%
Description of Property
Small bungalow on North Trail Zoned lot in Opportunity Zone 2. Adjacent to commercially zoned land along Tamiami Trail on Sarasota's near north side. While it is within the boundaries of the Central - Cocoanut Historic District the underlying zoning gives it potential for redevelopment as multi-family. The parcel immediately to the east is already permitted for 4 units possibly providing a design template. And, the property across the street has been creatively redeveloped using the same North Trail Zoning parameters. It is on a street with significant, historic houses but this one is valued being in the "path of progress" as Sarasota continues to grow north along the US 41 corridor. Nearby developments include the 14th Street roundabout, The Sarasota Bay Club and The Bay Sarasota, a developing city park on 53 acres of city-owned land on Sarasota Bay. The Ringling College of Art and Design is just to the north and the waterfront Centennial Park is just across the street.
Property Details At A Glance
Property Type: Land
City: Sarasota
County: Sarasota
Subdivision: Valencia Terrace Rev
Annual Tax: $1,703
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
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Waterfront Info
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Water Access: Not specified
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Exterior & Construction
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Utilities:
- BB/HS Internet Available
- Cable Connected
- Electricity Available
- Public
- Sewer Connected
- Street Lights
- Water Connected
Sewer: Public Sewer
Water Source: Public
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Lot Information
Lot Features:
- Buildable
- Curb and Gutters
- City Lot
- Level
- Near Public Transit
- Sidewalk
- Street Lights
Lot Size (acres): 0.14
Lot Size (sq. ft.): 6,180 square feet
Lot Dimensions: 60x103
Road Frontage: City Street
Front Exposure: North
Adjoining Property:
- Commercial
- Multi-Family
- Residential
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: 2025040055
Zoning: NT
Tax Legal Desc.: LOT 6 BLK C REV PLAT OF VALENCIA TERRACE
Listing courtesy of COLDWELL BANKER REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.