Prime opportunity in Sarasota’s Downtown Core (DTC) zoning district, one of the city’s highest-intensity zones supporting mixed-use, residential, office, and hotel development. While the property currently features a fully leased, well maintained building, it also represents a compelling future redevelopment opportunity.
The 0.34-acre urban infill parcel allows 10 stories by right, with potential for additional height and density through attainable-housing incentives.Developers can explore 50 units/acre base density (approximately 15-17 units) with the ability to increase up to 200 units/acre (approximately 65–70 units) through the Downtown Density Bonus Program. A boutique hotel concept is equally feasible, with an estimated 40–80 keys depending on design and parking. Upper levels in a future build may achieve water views, subject to height and surrounding development.
Located steps from Main Street, the property offers exceptional walkability, visibility, and long-term demand, making it attractive bothas a stable income-producing asset and as a prime downtown redevelopment site.