- 8 beds
- 5 baths
- 1,027 sqft
- ~3/4 acre lot
- $2,142 per sqft
- 1947 build
- – on site
This centrally located, five-parcel assemblage in Sarasota’s 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 Sarasota’s 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.
Last checked:
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Last updated Jun 15, 2025
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MLS# TB8397140 —
The Building
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Year Built:1947
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New Construction:false
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Construction Materials:Asbestos
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Roof:Metal
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Foundation Details:Block
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# of Buildings:5
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Building Area Units:Square Feet
Interior
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Interior Features:Primary Bedroom Main Floor
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Fireplace:false
Room Dimensions
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Living Area:1027
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Living Area Units:Square Feet
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Living Area Source:Public Records
Location
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Directions:Head West on Fruitville Rd from i-75. Turn Right on 301 (N Washinton blvd). Turn Right on 10th St. Properties will be located on the right.
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Latitude:27.344264
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Longitude:-82.529239
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Coordinates:-82.529239, 27.344264
The Property
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Parcel Number:2028040036
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Property Type:Residential Income
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Property Subtype:Multi Family
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Lot Features:City Lot
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Lot Size Acres:0.8
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Lot Size Area:35000
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Lot Size SqFt:35000
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Lot Size Dimensions:350 x 100
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Lot Size Units:Square Feet
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Total Acres:1/2 to less than 1
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Zoning:DTE
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View:false
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Exterior Features:Outbuilding
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Water Source:Public
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Road Surface Type:Paved
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Road Frontage Type:Street Paved
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Flood Zone Code:X
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Additional Parcels:true
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Additional Parcels Description:2028040034, 2028040035, 2028040031 2028040033,
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (941) 279-0013
- Office phone:
- (941) 999-1179
Taxes
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Tax Year:2024
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Tax Lot:NA
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Tax 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
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Tax Annual Amount:$18,776.70
Beds
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Bedrooms Total:8
Baths
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Total Baths:5
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/stellar/TB8397140
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:Electricity Connected
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Sewer:Public Sewer
Appliances
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Laundry Features:None
The Community
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Subdivision Name:SHANANDOAH PARK
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Senior Community:false
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Waterview:false
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Water Access:false
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Waterfront:false
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Pool Private:false
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Association:false
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Ownership:Fee Simple
Parking
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Garage:false
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Carport:false
Extra Units
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# of Units Total:5
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/14/25
Jun 14, 2025
|
Listed / Active | STELLAR_MLS | $2,200,000 |