A well located property on the intersection of Fruitville Rd and N Shade Ave. in Sarasota, FL zoned Downtown Edge. 1.25 acres. This versatile site represents an ideal opportunity for mixed use development with frontage on a major arterial. Featuring a well located site with easy access to virbant urban amenities, this property is ideal for a land/multifmaily investor/developer seeking a strong rental income investment or high value condo sales. Additional trade density rights are available through the City's Downtown Attainable Housing Density Bonus Program can provide up to four times the allowable units per this zoning district.
Residents can take advantage of the vibrant energy of nearby Downtown Sarasota and the highly regarded arts and culture district, all of which is less than a 5 minute drive away. SRQ International Airport and I 75 are both within 15 minutes from the site. This location is also surrounded by a very diverse culinary scene and upscale shopping experiences including Main Street Shops and St. Armand's Circle. Award winning Gulf Coast beaches and the picturesque Sarasota Bayfront are just minutes away.
Highlights
Rare opportunity to purchase vacant land fronting Fruitville Rd
Zoned DTE for diverse development potential
Site is eligible for Downtown Attainable Housing Density Bonus Program providing up to 4x density
Accessible via a traffic lit intersection on Fruitville Rd and Shade Ave
Considerable residential and commercial development planned in immediate vicinity of the Subject Property
A well located property on the intersection of Fruitville Rd and N Shade Ave. in Sarasota, FL zoned Downtown Edge. 1.25 acres. This versatile site represents an ideal opportunity for mixed use development with frontage on a major arterial. Featuring a well located site with easy access to virbant urban amenities, this property is ideal for a land/multifmaily investor/developer seeking a strong rental income investment or high value condo sales. Additional trade density rights are available through the City's Downtown Attainable Housing Density Bonus Program can provide up to four times the allowable units per this zoning district.
Residents can take advantage of the vibrant energy of nearby Downtown Sarasota and the highly regarded arts and culture district, all of which is less than a 5 minute drive away. SRQ International Airport and I 75 are both within 15 minutes from the site. This location is also surrounded by a very diverse culinary scene and upscale shopping experiences including Main Street Shops and St. Armand's Circle. Award winning Gulf Coast beaches and the picturesque Sarasota Bayfront are just minutes away.
Highlights
Rare opportunity to purchase vacant land fronting Fruitville Rd
Zoned DTE for diverse development potential
Site is eligible for Downtown Attainable Housing Density Bonus Program providing up to 4x density
Accessible via a traffic lit intersection on Fruitville Rd and Shade Ave
Considerable residential and commercial development planned in immediate vicinity of the Subject Property
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 0.00
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Road Frontage Type: City Street
Sewer: Public Sewer
Utilities: Other
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2025
Other Features
Country: US
Current Use: Mixed Use
Legal Description: LOTS 13 15 17 19 & 21 FIRST ADD TO FAIRVIEW
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