UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,824 sqft
Price per Sqft $836
Subdivision Rosemary District
MLS Listing ID A4689791
Bedrooms 4
Construction Status Completed
HOA Y/N No
Year Built 1981
Annual Tax Amount $7,860
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Triplex
Source Stellar MLS
Property Description
Zoned Downtown Edge (DTE), the site allows for residential, commercial or mixed-use development. The property is adjacent to Villa Ballada, a newly constructed five-story mixed use condominium featuring 24 residences, reinforcing the area's continued investment and redevelopment momentum.
An additional opportunity exists with the neighboring parcel to the south currently available. With a combined acquisition cost of $3,220,000, this option presents the potential for increased density, with the possibility to develop up to 24 residential units, subject to municipal approvals. The seller can also transfer plans for a seven-unit condominium project designed by award-winning Halflants + Pichette, providing a ready framework for development.
Positioned within approximately six blocks of more than 60 restaurants, Sarasota Farmers Market, Sarasota Bayfront, Whole Foods Market and Sarasota's arts and theater district, the location supports strong walkability and long-term demand. The Bay Park, a 53-acre waterfront park, is approximately four blocks away, with additional access to Payne Park and Legacy Trail.
Connectivity is enhanced by the Bay Runner Trolley, offering service from downtown to St. Armands Circle and Lido Beach.
This offering combines current income with future development potential in one of Sarasota's most active urban districts.
Location
State FL
County Sarasota
Community Rosemary District
Area 34236 - Sarasota
Zoning DTE
Rooms
Other Rooms Den/Library/Office
Interior
Interior Features Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
Heating Electric
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate, Tile
Furnishings Unfurnished
Fireplace false
Appliance Dishwasher, Electric Water Heater, Freezer, Microwave, Range, Refrigerator
Laundry Outside
Exterior
Exterior Feature Lighting
Parking Features Driveway, Ground Level, Open
Pool Screen Enclosure
Utilities Available Cable Available, Electricity Connected, Sewer Connected
View Trees/Woods
Roof Type Shingle
Porch Covered, Front Porch, Porch
Garage false
Private Pool No
Building
Lot Description Historic District, City Limits, Paved
Entry Level Three Or More
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Stucco
New Construction false
Construction Status Completed
Schools
Elementary Schools Alta Vista Elementary
Middle Schools Booker Middle
High Schools Booker High
Others
Pets Allowed Cats OK, Dogs OK
Senior Community No
Pet Size Extra Large (101+ Lbs.)
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Owner Financing
Membership Fee Required None
Listing Terms Cash, Conventional, Owner Financing
Num of Pet 10+
Special Listing Condition None
Schools and Properties Nearby
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