2050-2026 10TH Sarasota, FL 34237
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,027 sqft
Price per Sqft $2,142
Subdivision Shanandoah Park
MLS Listing ID TB8397140
Bedrooms 8
HOA Y/N No
Year Built 1947
Annual Tax Amount $18,776
Lot Size 0.800 Acres
Acres 0.8
Lot Dimensions 350x100
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
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.
Location
State FL
County Sarasota
Community Shanandoah Park
Area 34237 - Sarasota
Zoning DTE
Interior
Interior Features Primary Bedroom Main Floor
Heating Central, Ductless
Cooling Central Air, Wall/Window Unit(s)
Fireplace false
Laundry None
Exterior
Exterior Feature Outbuildings
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Metal,Shingle
Garage false
Private Pool No
Building
Lot Description City Limits, Near Public Transit, Sidewalk, Paved
Foundation Block, Crawlspace, Pillar/Post/Pier
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Asbestos,Vinyl Siding,Frame,Wood Siding
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Owner Financing, Special Funding
Listing Terms Cash, Owner Financing, Special Funding
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8397140
