Land - Real Estate in Sarasota
Listing Price: $6,000,000 (Mortgage Calculator →)Property Use:
Description of Property
Prime Multifamily Development Opportunity in Sarasota's Historic District Exceptional corner lot in the heart of Sarasota's sought-after Historic District, offering an outstanding opportunity for developers and investors. This premier location is just a short walk to vibrant Downtown Sarasota, where you'll find world-class dining, shopping, entertainment, art galleries, and the beautiful Sarasota Bay waterfront. Zoned for multifamily development with the potential for up to 24 residential units, this property is ideal for luxury townhomes, condominiums, or an upscale multifamily community in one of Sarasota's fastest-growing and most desirable neighborhoods. A major advantage is that all utilities are already on site, including water, sewer, electric, and other essential services, helping reduce development costs and streamline the building process. With its high-visibility corner location, walkable lifestyle, and strong demand for new residential housing, this property presents an exceptional investment opportunity with significant upside potential. Highlights: Prime corner lot in Sarasota's Historic District Walking distance to Downtown Sarasota Zoned Multifamily – Up to 24 Units Excellent opportunity for townhomes or condominiums All utilities on site Strong growth area with high demand for new residential development Outstanding investment and redevelopment potential Opportunities like this are increasingly rare. Contact us today for zoning details, site information, and development potential before this exceptional property is gone
Property Details At A Glance
Property Type: Land
City: Sarasota
County: Sarasota
Subdivision: Petroutsa Brothers Sub
Annual Tax: $3,387
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Features: Buildable
Lot Size (acres): 0.85
Lot Size (sq. ft.): 37,026 square feet
Lot Dimensions: 183 x 201
Front Exposure: West
Additional Parcels: Yes
Additional Parcels Description: 2026 02 0048, 2026 02 00502026 02 0033,
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: 2026020035
Zoning: DTE
Tax Legal Desc.: LOT 2 BLK B PETROUTSA BROTHERS SUB
Section: 19
Range: 18
Listing courtesy of COMPASS FLORIDA LLC. 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.