2044 Fruitville Road & 223 Wallace ave - Commercial LAND FOR SALE


Sarasota, FL 34237- Downtown Sarasota9,148 SF
$895,000 USD
941-899-4842
2044 Fruitville Road & 223 Wallace ave, Sarasota, FL for Sale
$895,000 USD
Commercial LAND - FOR SALE
1/3
9,148 SF

2044 Fruitville Road & 223 Wallace ave
Sarasota, FL 34237
Downtown Sarasota


HIGHLIGHTS

  • Prime Corner Redevelopment Opportunity
  • Minutes to Downtown Sarasota, Bayfront, hospitals, dining, retail, and cultural amenities
  • Residential density up to 50 units per acre with attainable housing bonus potential up to 200 units per acre
  • Existing improvements provide potential holding income pending future redevelopment
  • DTC (Downtown Core) zoning allowing high-intensity mixed-use development
  • Exceptional visibility with 35,000+ vehicles per day along Fruitville Road

OVERVIEW

Exceptional redevelopment opportunity positioned at the corner of Fruitville Road and Wallace Avenue, just east of the US-301 corridor and minutes to Downtown Sarasota. The property consists of approximately 0.21 acres (9,137± SF) and offers a high-visibility corner location along one of Sarasota’s primary east-west corridors with traffic counts exceeding 35,000 vehicles per day. The site is currently improved with four (4) rental units that may provide potential interim holding income while a developer advances future redevelopment plans and entitlements. The property is zoned DTC (Downtown Core), Sarasota’s premier high-intensity mixed-use zoning district, allowing for a broad range of redevelopment opportunities including multifamily, mixed-use, office, and retail uses. The site allows for residential density up to 50 units per acre, with bonus density potential of up to 200 units per acre through the downtown attainable housing density bonus.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/ACRE

$4,261,905/AC

PRICE/SF

$98 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Fruitville Rd Redevelopment Opportunity

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Mixed Use, Multi-Family, Apartment Units

LAND ACRES

0.21 AC

LAND SF

9,148 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity

ZONING

DTC

APN/PARCEL ID

2028-13-0020,2028-13-0021

ASK ABOUT THIS PROPERTY

Melinda GarrettMSC CommercialMore Info
941-899-4842

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Melinda GarrettMSC CommercialMore Info
941-899-4842

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