SQUARE FEET13,076
MLS#A4683759
STATUSActive
PROPERTY TYPECommercial -
SUBDIVISIONPLAT OF SARASOTA EXHIBIT
Property Description
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.
Property Features
Property Type: Commercial -
Cooling: Other
Lot Size: 0.36 Acres
Stories: 2.0
Taxes: $42,149
Year Built: 1921
Feature Descriptions
Days on Site: 257
Directions: Ringling to state street
Exterior: Block, Brick
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.36
Ownership: Corporation
Property Attached Y/N: No
Property Sub-Type: Mixed Use
Showing Instructions: Appointment Only, Contact Call Center
Special Sale Provisions: None
Water Access Y/N: No
Zoning: DTC
Listed By / Shown By
Listed By
Agency Name: RE/MAX ALLIANCE GROUP
Agency Contact: 941-954-5454
Shown By
Agent Name: Leslie Russell Associate Broker/Consultant
Agent Phone: Cell: (215) 694-9169
Agency Title: RealtyMark
Leslie Russell Associate Broker/Consultant
Office: (215) 376-4444 ext. 318
Cell: (215) 694-9169
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1565 State Street | MLS# A4683759
This commercial property located at 1565 State Street, Sarasota, FL 34236 is currently listed for sale with an asking price of $5,900,000. Search Sarasota real estate on lrussell.realtymark.net today.