UPDATED:
Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Petroutsa Brothers Sub
MLS Listing ID A4701380
HOA Y/N No
Annual Tax Amount $3,387
Lot Size 0.850 Acres
Acres 0.85
Lot Dimensions 183X201
Property Sub-Type Residential
Source Stellar MLS
Property Description
Exceptional corner lot in the heart of Sarasota's sought-after Historic District, offering an outstanding opportunity for developers and investors. This premier location is just a short walk to vibrant Downtown Sarasota, where you'll find world-class dining, shopping, entertainment, art galleries, and the beautiful Sarasota Bay waterfront.
Zoned for multifamily development with the potential for up to 24 residential units, this property is ideal for luxury townhomes, condominiums, or an upscale multifamily community in one of Sarasota's fastest-growing and most desirable neighborhoods.
A major advantage is that all utilities are already on site, including water, sewer, electric, and other essential services, helping reduce development costs and streamline the building process.
With its high-visibility corner location, walkable lifestyle, and strong demand for new residential housing, this property presents an exceptional investment opportunity with significant upside potential.
Highlights:
Prime corner lot in Sarasota's Historic District
Walking distance to Downtown Sarasota
Zoned Multifamily – Up to 24 Units
Excellent opportunity for townhomes or condominiums
All utilities on site
Strong growth area with high demand for new residential development
Outstanding investment and redevelopment potential
Opportunities like this are increasingly rare. Contact us today for zoning details, site information, and development potential before this exceptional property is gone
Location
State FL
County Sarasota
Community Petroutsa Brothers Sub
Area 34236 - Sarasota
Zoning DTE
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Y/N No
Water Access No
Exposure West
Building
Lot Description Buildable
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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