1565 STATE ST Sarasota, FL 34236
12,626 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 12,626 sqft
Price per Sqft $467
Subdivision Plat Of Sarasota Exhibit
MLS Listing ID A4683759
Construction Status Under Renovation
HOA Y/N No
Year Built 1921
Annual Tax Amount $42,149
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Mixed Use
Source Stellar MLS
Property Description
The 13,000 SF building has been gutted and is ready to be finished off or re developed. Zoning is DTC (Downtown Core) allowing 10 stories at 50 units per acre or 18 residential units. Density Bonus: The City of Sarasota, to encourage Attainable Housing, has created an Attainable Housing Density Bonus” AHDB” entitlement option for DTC, DTB and DTE zoned properties. The AHDB offers up to 4-times the entitled residential density provided 15% of the “bonus” units are “attainable”. Base residential density for the subject is 18-units; under the AHDB the subject is entitled to 72-units provided 8-units “attainable” and 64 may be market rate. “Attainable” is defined that rent or sales price does not exceed 30% of the AMI (area medium income). Currently AMI for the City of Sarasota is approximately $80,000 per year.
Location
State FL
County Sarasota
Community Plat Of Sarasota Exhibit
Area 34236 - Sarasota
Zoning DTC
Interior
Cooling Other
Building
Story 2
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Structure Type Block,Brick
New Construction false
Construction Status Under Renovation
Others
Ownership Corporation
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4683759
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