$960,000
$949,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 02/04/2022
Key Details
Sold Price $960,000
Property Type Vacant Land
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Valencia Terrace Rev
MLS Listing ID A4503587
Sold Date 02/04/22
Construction Status Inspections
HOA Y/N No
Annual Tax Amount $1,734
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 120x103
Property Description
OPPORTUNITY IS KNOCKING! Live, build, or develop in downtown Sarasota! Charming 3/2 with SEPARATE STUDIO on a 12,330-square-foot double lot parcel is conveniently located in the historic Central Cocoanut neighborhood—a few blocks from the thriving Rosemary District and minutes from the heart of downtown, the Bayfront, Ringling College of Art & Design, and the museum district. LIVE/WORK NOW! Adjacent parcel is also available, offering an opportunity to develop alongside other exciting new projects or to assemble for a HIGHER DENSITY. Development options are almost endless with North Trail zoning and an optional North Trail overlay. Current zoning on the lot allows for 3 stories and a wide range of uses, including 9 residential units, 9 mixed-use units, or a 14-room BOUTIQUE HOTEL. If a developer chooses to opt into the North Trail overlay, the maximum building height increases to 4 stories. The North Trail is part of a huge development push, with planted medians and pedestrian-friendly roundabouts connecting the neighborhood to both downtown and the Bayfront. A popular walking and bicycling route offers easy access to the shops and restaurants of the Rosemary District, the arts and cultural district (including the Van Wezel, Sarasota Opera and Florida Studio Theatre), and The Bay redevelopment project. Enjoy a gourmet brunch or wine tasting at The Reserve just across the street. This very special property is also across the street from scenic Whitaker Park, with its walking trails snaking alongside the picture-perfect Sarasota Bay, picnic pavilions, a new playground, and a fishing pier. It's also a few blocks from the Bay Park Conservancy, 53 acres of city-owned land along Sarasota Bay that will establish a cultural and economic legacy for the region.
Location
State FL
County Sarasota
Community Valencia Terrace Rev
Zoning NT
Exterior
Utilities Available Public, Water Connected
View Y/N 1
Building
Lot Description Buildable, City Limits, Oversized Lot, Urban
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Construction Status Inspections
Others
Pets Allowed Yes
Ownership Fee Simple
Acceptable Financing Cash
Membership Fee Required None
Listing Terms Cash
Special Listing Condition None
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