Ryan Pena
BEDS23
BATHS
SQUARE FEET6,838
MLS#A4707968
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONPETROUTSA BROTHERS
Property Description
PRIME MULTIFAMILY DEVELOPMENT OPPORTUNITY IN SARASOTA'S HISTORIC DISTRICT | RESTORATION ZONE Discover a rare multifamily development opportunity in Downtown Sarasota's Historic District, ideally positioned on a highly visible corner lot within a designated Sarasota Restoration Zone. Located just minutes from the heart of Downtown Sarasota, this property offers developers, builders, and investors the opportunity to create new construction condominiums, luxury townhomes, or a boutique multifamily residential development in one of Sarasota's most sought-after and rapidly evolving areas. Zoned for multifamily development with potential for up to 24 residential units, this site offers exceptional flexibility for a variety of residential development concepts. The property is particularly well suited for condos, luxury townhomes, multifamily residences, or an upscale urban residential community designed to take advantage of Sarasota's continued growth and strong demand for new housing. One of the property's major advantages is that utilities are already on site, including water, sewer, electric, and other essential services, potentially helping reduce infrastructure costs and simplify the development process. The location provides an exceptional walkable Downtown Sarasota lifestyle, with convenient access to restaurants, cafés, shopping, entertainment, cultural attractions, art galleries, theaters, Sarasota Bay, and the vibrant downtown district. Sarasota continues to experience significant residential growth, with new construction and redevelopment transforming the surrounding area and creating increased demand for well-located multifamily housing. PROPERTY HIGHLIGHTS: Prime corner lot in Sarasota's Historic District Located within a Sarasota Restoration Zone, Multifamily zoning, Potential for up to 24 residential units, Ideal for condominium development or luxury townhomes, Excellent opportunity for multifamily redevelopment, Water, sewer, electric and utilities already on site, Walkable to Downtown Sarasota, Close to restaurants, shopping, entertainment, arts and Sarasota Bay, Surrounded by ongoing new construction and redevelopment, Strong demand for new residential housing, High-visibility corner location, Excellent opportunity for developers, builders and investors, Potential for significant redevelopment and investment upside A rare Sarasota development opportunity in a highly desirable location. With multifamily zoning, Restoration Zone designation, utilities already on site, and the ability to potentially develop up to 24 residential units, this property offers a compelling opportunity to participate in the continued transformation and growth of Downtown Sarasota and the surrounding Historic District. Contact us today for zoning information, development details, site information, and to explore the potential of this exceptional Sarasota multifamily development site.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Garage: 3 car attached
Heating: Central
Lot Size: 0.31 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $14,171
Year Built: 1972
Amenities
Ceiling Fans(s)
Other
Solid Surface Counters
Other
Feature Descriptions
Annual Net Income: 346800.00
Appliances: Disposal, Electric Water Heater
Community Features: Sidewalks
Days on Site: 2
Directions: From Fruitville :1.-North on Orange Ave, 2.-On right at corner of Orange Ave, and 9th Street.
Exterior: Block
Flood Zone Code: X
Flooring: Ceramic Tile
Foundation: Other
Garage Dimensions: 25x14
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.31
Ownership: Fee Simple
Parking: Other
Parking Notes: Other
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Call Listing Agent
Special Sale Provisions: None
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: DTE
Listed By / Shown By
Listed By
Agency Name: COMPASS FLORIDA LLC
Agency Contact: 941-279-3630
Shown By
Agent Name: Ryan Pena
Agent Phone: (813) 219-9781
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 16,284.32 per month $13,353.40 Principal & Interest $1,180.92 Property Tax $1,750.00 Homeowner's InsuranceChange Payment Information
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900 N Orange Avenue | MLS# A4707968
This multi-family property located at 900 N Orange Avenue , Sarasota, FL 34236 is currently listed for sale with an asking price of $6,000,000. Search Sarasota real estate on rpena.floridaexecutiverealty.com today.