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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1921
Sq.Footage
12,626
Large parcel in the heart of dowtown, with 15 on site parking paces (incredibly rare) and a city parking garage directly across the street. The 13,000 SF building has been gutted and is ready to be finished off or re developed. Zoning is DTC (Downtown Core) allowing 10 stories at 50 units per acre or 18 residential units. Density Bonus: The City of Sarasota, to encourage Attainable Housing, has created an Attainable Housing Density Bonus” AHDB” entitlement option for DTC, DTB and DTE zoned properties. The AHDB offers up to 4-times the entitled residential density provided 15% of the “bonus” units are “attainable”. Base residential density for the subject is 18-units; under the AHDB the subject is entitled to 72-units provided 8-units “attainable” and 64 may be market rate. “Attainable” is defined that rent or sales price does not exceed 30% of the AMI (area medium income). Currently AMI for the City of Sarasota is approximately $80,000 per year.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Other
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block, Brick
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.36
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$5,900,000
-
Tax Amount
$42,149.19
-
Sq. Footage
12, 626
-
Price/SqFt
$467
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Foundation Details
Slab
-
Ownership
Corporation
-
Tax Lot
16
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Location
County
Sarasota
Elementary School
Middle School
High School
Listing Courtesy of Tom Cail, PA , RE/MAX ALLIANCE GROUP
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Business Coach | Executive Sales Associate | Realtor®
Michael Graf
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