Property
| Ownership: | Fee Simple |
|---|---|
| Type: | Unknown |
| Lot Size: | 1.3 Acres |
Financials
Price:$4,295,000
Annual Taxes:$7,396.12
Listing Courtesy of MICHAEL SAUNDERS & COMPANY
A well located property on the intersection of Fruitville Rd and N Shade Ave.
Description
A well located property on the intersection of Fruitville Rd and N Shade Ave. in Sarasota, FL zoned Downtown Edge. 1.25 acres. This versatile site represents an ideal opportunity for mixed use development with frontage on a major arterial. Featuring a well located site with easy access to virbant urban amenities, this property is ideal for a land/multifmaily investor/developer seeking a strong rental income investment or high value condo sales. Additional trade density rights are available through the City's Downtown Attainable Housing Density Bonus Program can provide up to four times the allowable units per this zoning district.
Residents can take advantage of the vibrant energy of nearby Downtown Sarasota and the highly regarded arts and culture district, all of which is less than a 5 minute drive away. SRQ International Airport and I-75 are both within 15 minutes from the site. This location is also surrounded by a very diverse culinary scene and upscale shopping experiences including Main Street Shops and St. Armand's Circle. Award winning Gulf Coast beaches and the picturesque Sarasota Bayfront are just minutes away.
Highlights
-Rare opportunity to purchase vacant land fronting Fruitville Rd
-Zoned DTE for diverse development potential
-Site is eligible for Downtown Attainable Housing Density Bonus Program providing up to 4x density
-Accessible via a traffic lit intersection on Fruitville Rd and Shade Ave
-Considerable residential and commercial development planned in immediate vicinity of the Subject Property
Amenities
- Other
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.