Opportunity Zone Downtown Core FOR SALE


Sarasota, FL - Downtown Sarasota
$9,200,000 USD
941-356-5042
, Sarasota, FL for Sale
$9,200,000 USD
FOR SALE
1/3
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Opportunity Zone Downtown Core
Sarasota, FL
Downtown Sarasota


OVERVIEW

Rare opportunity to purchase four prime downtown Sarasota parcels for development in an Opportunity Zone! Seize this opportunity to acquire these four parcels comprised of two sets of adjacent lots in the Downtown Core in Sarasota, FL. Two lots offer 96' frontage on Main Street; just around the corner, two lots offer 96' frontage on South Osprey Avenue. Zoned Downtown Core (DTC), the property is ideally positioned for redevelopment making it perfect for apartments/condos (zoning allows for 50 units/acre), retail or office. All four parcels currently provide income from leases with short term termination clauses. Assemblage includes Victor Lundy designed building from the 1950's at 25 S. Osprey Ave. Located towards the east end of Main Street near newly developed multifamily, Sprouts grocery, restaurants and other commercial retail establishments. Corner lot may also be available for purchase.

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Jagbir Grewal CCIM, SIORIan Black Real EstateMore Info
941-356-5042

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Jagbir Grewal CCIM, SIORIan Black Real EstateMore Info
941-356-5042

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