Conceptual plans for a 5-unit luxury apartment community
Potential for single-family, boutique multifamily, attainable housing, or workforce housing development
Opportunity to explore density bonus programs allowing approximately 35–50 dwelling units per acre, subject to City approvals
Minutes from Downtown Sarasota, Sarasota Memorial Hospital, Payne Park, and the Bayfront
Located within an area experiencing continued residential redevelopment and investment
Development & Entitlement Support
The Sarasota Housing Authority has proposed increasing the allowable residential density within the adjacent Bertha Mitchell Housing Project from 25 to 50 units per acre, subject to City approval. Given the property's proximity, it could present an attractive redevelopment opportunity should future plans expand beyond the current project area.
Exceptional opportunity to acquire a 16,800± SF development site in one of Sarasota's fastest-growing neighborhoods, just minutes from Downtown Sarasota. Zoned RSF-4, the property offers developers multiple paths for redevelopment, whether pursuing a boutique multifamily community, attainable housing, workforce housing, or other residential concepts, subject to applicable approvals.
Conceptual plans have been prepared illustrating a 5-unit luxury apartment community, showcasing one potential vision for the site. In addition, buyers may wish to explore Sarasota's attainable and workforce housing density bonus programs, which may allow for approximately 35–50 dwelling units per acre, subject to City approval and program requirements. Buyers should complete their own due diligence to verify zoning, density, and development potential.