1256 5th St - Residential LAND FOR SALE


Sarasota, FL 34236- Downtown Sarasota21,000 SF
$5,950,000 USD
941-951-2002
1256 5th St, Sarasota, FL for Sale
$5,950,000 USD
Residential LAND - FOR SALE
1/1
21,000 SF

1256 5th St
Sarasota, FL 34236
Downtown Sarasota


HIGHLIGHTS

  • Prime downtown Sarasota location near cultural and retail hubs
  • Assemblage of three parcels totaling approx. 21,000 sq ft
  • Eligible for rezoning to Downtown Core for higher density use
  • City water and sewer utilities already in place

OVERVIEW

Positioned in the heart of Sarasota’s vibrant downtown, this rare assemblage of three parcels offers a prime development opportunity in one of Florida’s most desirable urban cores. Totaling approximately 21,000 square feet, the site is currently zoned Downtown Edge (DTE) but qualifies for rezoning to Downtown Core (DTC), unlocking higher density and mixed-use potential. Surrounding properties have already transitioned to DTC, signaling strong city support for urban growth and redevelopment. The property’s strategic location places future development within walking distance of Sarasota’s cultural attractions, dining, retail, and waterfront amenities. With city utilities in place and a favorable zoning path, this site is ideal for multifamily, hospitality, or mixed-use projects seeking to capitalize on Sarasota’s thriving economy and high-income demographics. The offering includes a unique sale-leaseback arrangement through June 2025, providing immediate income stability while planning entitlements and design. This is a rare chance to secure a footprint in Sarasota’s dynamic downtown corridor, where demand for upscale living and commercial space continues to surge.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/ACRE

$12,342,000/AC

PRICE/SF

$283 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

1256 5th Street, 1259-1271 4th Street

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

0.48 AC

LAND SF

21,000 SF

OFFSITE IMPROVEMENTS

Sewer, Water

ZONING

DTE

APN/PARCEL ID

2026-12-0054,2026-12-0067,2026-12-0068

ASK ABOUT THIS PROPERTY

John HarshmanHarshman & CompanyMore Info
941-951-2002

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John HarshmanHarshman & CompanyMore Info
941-951-2002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.