$5,900,000
Active1565 State St, Sarasota, FL 34236
12,626 sq ft
Listing courtesy of RE/MAX ALLIANCE GROUP · MLS# A4683759
246 days on market
Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .
About this property
What’s special
- Downtown Core zoning
- On-site parking spaces
- City parking garage access
- Gutted 13,000 SF building
- Density Bonus entitlement
AI-selected highlights from the listing description below.
Large parcel in the heart of dowtown, with 15 on site parking paces (incredibly rare) and a city parking garage directly across the street. 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.
Facts
- Property type
- Mixed Use
- Year built
- 1921
- Flood zone
- X
- Annual taxes
- $42,149/yr
- Listed
- Feb 23, 2026
- MLS #
- A4683759
Commercial details
Building & site
- Building size
- 13,076 SF
- Lot size
- 0.36 acres (15,750 SF)
- Zoning
- DTC
- Ceiling height
- Varied
- Road frontage
- Alley, City Street
- Buildings
- 1
Investor metrics
- Price per SF (MLS)
- $451.21/SF
As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty — confirm with the listing broker before relying on them. We never estimate a cap rate.
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1565 State St, Sarasota, FL 34236
Listing courtesy of RE/MAX ALLIANCE GROUP · MLS# A4683759 · Active
Where this property is
Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.
