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2050-2026 10th, Sarasota, FL 34237

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For Sale

$2,200,000

8 beds1,027 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $2,142.16
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This centrally located, five-parcel assemblage in Sarasota s Park East neighborhood offers a rare redevelopment opportunity in an area experiencing ongoing growth. Totaling approximately 35,000 square feet (350 road frontage x 100) deep or (0.80 acres), the site currently includes five income- producing rental units bringing in a total of $8,250 per month. The property is also situated within an Opportunity Zone. Zoning allows for mixed-use development with ground-floor commercial and multifamily residential uses as well as hotel developments with ground-floor commercial. The property supports a base density of 25 units per acre, with the potential to achieve up to 100 units per acre through participation in the City of Sarasota s Attainable Housing Density Bonus Program. Building heights of up to four stories are permitted under current zoning. The property is strategically located near downtown Sarasota, US-301, Fruitville Road, and I-75, offering convenient access to local employers, retail corridors, and regional transportation. Nearby recreational and cultural amenities include Bayfront Park, Payne Park, Gillespie Park, and the Rosemary District. Rental income provides holding revenue while entitlements and development planning are pursued. Seller financing may be available, subject to terms. Buyer is responsible for verifying all zoning regulations, density bonuses, and development entitlements with the City of Sarasota.
MLS# TB8397140

Courtesy Of Preferred Shore

(941) 999-1179

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Asbestos, Vinyl Siding, Wood Siding
  • Lot Size
    0.8 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 2050-2026 10th, Sarasota, FL 34237
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Home seller CENTURY 21 Beggins Enterprises

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Beggins Enterprises

(800) 541-9923
Learn More About Us

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