Subject is located at the corner of US41 and Bahia Vista Street in a high traffic area less than 1 mile from the rapidly growing Downtown Sarasota and 3 blocks to the Top Rated Sarasota Memorial Hospital. Located directly North of Saba Plaza is Sarasota High School and The Sarasota Art Museum of Ringling College. Directly East is the Circus Arts Conservatory. This intersection serves traffic traveling from midtown and south Sarasota to Downtown Sarasota, Longboat Key, and Bradenton.
Incredibly rare opportunity to redevelop anywhere from 5 stories to potentially an 18 story building with up to 518 residential units. In addition, there is opportunity for stand-alone retail/commercial space plus inline space. Current zoning is Commercial General to be rezoned to Urban Mixed Use.