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Description

Excellent Development Opportunity!! Downtown Core Zoning!! Maximuize your building density on this lot. Ideal for developer or contractor. Build multi-family, industrial, mixed use, retail, or professional office. Very creative owners. Willing to consider trade, joint venture, or seller financing with low down payment. Two multi-family concepts. Owner is an architect. Every detail during the planning process has been well thought out. This property is strategically located near downtown Sarasota. Walking distance to Gillespie Park. Very artistic community. The site has been designed for a 50 room multi-family development. Cleared and filled site. Utilities available. Water to site. Savings of $250,000 to $375,000. NO IMPACT FEES. Savings of $7,000 to $8,300 per unit for residential unit. Total savings of $350,000 to $415,000 in impact fees. Land cost is $19,000 per door. This brings the cost per door to $10,700 to $12,000 per door. Concept design also allows for small portion of retail space. No impact fees for commercial development. Business incentives for Enterprise Zone. Building price details: $950,000.

Property Details

• Type: Land
• Status: Available
• Building Size: 54,678 SF
• Buildings: 1

Map Locations