2050-2026 10TH at

2050-2026 10TH

For sale Days on market 199

$2,200,000

$2142/sq ft

$19,800,000
Price Decreased

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Overview

Bedroom

Year Built

1947

Sqft

1027

Property Type

Multi Family

Property Description

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. Buyer is responsible for verifying all zoning regulations, density bonuses, and development entitlements with the City of Sarasota.

Property Details

MLS#

TB8397140

Address

2050-2026 10TH

City

Sarasota

State/county

Zip/Postal Code

34237

Area

Shanandoah Park

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$18,776

Maint Fee

$--

Tax Year

2024

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