1565 State Street, Sarasota, FL 34236
- $5,900,000
- 12,626
- SqFt
- List Price
- $5,900,000
- Status
- Active
- Days on Market
- 153
- MLS#
- A4683759
- Property Style
- Mixed Use
- Year Built
- 1921
- Living Area
- 12,626
- Lot Size
- 15,750
- Acres
- 0.36
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Plat Of Sarasota Exhibit
- MLS Area Major
- Sarasota
Property Description
Large parcel in the heart of dowtown, with 15 on site parking paces (incredibly rare) and a city parking garage directly across the street. The 13,000 SF building has been gutted and is ready to be finished off or re developed. Zoning is DTC (Downtown Core) allowing 10 stories at 50 units per acre or 18 residential units. Density Bonus: The City of Sarasota, to encourage Attainable Housing, has created an Attainable Housing Density Bonus” AHDB” entitlement option for DTC, DTB and DTE zoned properties. The AHDB offers up to 4-times the entitled residential density provided 15% of the “bonus” units are “attainable”. Base residential density for the subject is 18-units; under the AHDB the subject is entitled to 72-units provided 8-units “attainable” and 64 may be market rate. “Attainable” is defined that rent or sales price does not exceed 30% of the AMI (area medium income). Currently AMI for the City of Sarasota is approximately $80,000 per year.
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Additional Information
- Taxes Annual
- $42149
- Community Features
- No Deed Restriction
- Zoning
- DTC
- Air Conditioning
- Other
- Exterior Construction
- Block, Brick
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 2027030104
- Legal Description
- LOTS 16, 18 & 20, BLK 5, PLAT OF SARASOTA
Listing courtesy of RE/MAX ALLIANCE GROUP. 941-954-5454
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