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Maritza Hernandez

maritzahrealtor@gmail.com +1(407) 910-8127

$ 6,000,000

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900 N ORANGE AVE Sarasota, FL 34236

23 Beds

12 Baths

6,838 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Duplex

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 6,838 sqft

Price per Sqft $877

Subdivision Petroutsa Brothers Sub

MLS Listing ID A4707968

Bedrooms 23

Construction Status Completed

HOA Y/N No

Year Built 1972

Annual Tax Amount $14,171

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions 134x100

Property Sub-Type Duplex

Source Stellar MLS

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.

Location

State FL

County Sarasota

Community Petroutsa Brothers Sub

Area 34236 - Sarasota

Zoning DTE

Interior

Interior Features Ceiling Fans(s), Other, Solid Surface Counters

Heating Central

Cooling Central Air

Flooring Ceramic Tile

Furnishings Negotiable

Fireplace false

Appliance Disposal, Electric Water Heater

Laundry Other

Exterior

Exterior Feature Other

Parking Features Other

Garage Spaces 3.0

Community Features Sidewalks

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N No

Water Access No

Roof Type Shingle

Attached Garage true

Garage true

Private Pool No

Building

Entry Level Two

Foundation Other

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Construction Status Completed

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4707968

Listed by Sandra Osorio, PA COMPASS FLORIDA LLC

Nearby Locations

Maritza Hernandez

Broker Associate License ID: Bk3343878

+1(407) 910-8127

Maritza Hernandez

900 N ORANGE AVE Sarasota, FL 34236

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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900 N ORANGE AVE