Homes for sale - 2050-2026 10TH, Sarasota, FL 34237

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Josh Cotton

josh@welcomehome904.com +1(904) 982-8461

$ 2,200,000

Est. payment | -/mo

8 Beds

5 Baths

1,027 SqFt

Save Virtual Tour

$ 2,200,000

Est. payment | -/mo

Save Virtual Tour

8 Beds

5 Baths

1,027 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,027 sqft

Price per Sqft $2,142

Subdivision Shanandoah Park

MLS Listing ID TB8397140

Bedrooms 8

HOA Y/N No

Year Built 1947

Annual Tax Amount $18,776

Lot Size 0.800 Acres

Acres 0.8

Lot Dimensions 350x100

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

This centrally located, five-parcel assemblage in Sarasota's Park East neighborhood offers
a rare redevelopment opportunity in an area experiencing ongoing growth. Totaling
approximately 35,000 square feet (350 road frontage x 100) deep or (0.80 acres), the site currently includes five income-
producing rental units bringing in a total of $8,250 per month. The property is also situated within an Opportunity Zone.
Zoning allows for mixed-use development with ground-floor commercial and multifamily
residential uses as well as hotel developments with ground-floor commercial. The
property supports a base density of 25 units per acre, with the potential to achieve up to
100 units per acre through participation in the City of Sarasota's Attainable Housing
Density Bonus Program. Building heights of up to four stories are permitted under
current zoning.
The property is strategically located near downtown Sarasota, US-301, Fruitville Road, and
I-75, offering convenient access to local employers, retail corridors, and regional
transportation. Nearby recreational and cultural amenities include Bayfront Park, Payne
Park, Gillespie Park, and the Rosemary District.
Rental income provides holding revenue while entitlements and development planning
are pursued. Seller financing may be available, subject to terms. Buyer is responsible for
verifying all zoning regulations, density bonuses, and development entitlements with the
City of Sarasota.

Location

State FL

County Sarasota

Community Shanandoah Park

Area 34237 - Sarasota

Zoning DTE

Interior

Interior Features Primary Bedroom Main Floor

Heating Central, Ductless

Cooling Central Air, Wall/Window Unit(s)

Fireplace false

Laundry None

Exterior

Exterior Feature Outbuildings

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Metal,Shingle

Garage false

Private Pool No

Building

Lot Description City Limits, Near Public Transit, Sidewalk, Paved

Foundation Block, Crawlspace, Pillar/Post/Pier

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Asbestos,Vinyl Siding,Frame,Wood Siding

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Owner Financing, Special Funding

Listing Terms Cash, Owner Financing, Special Funding

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8397140

Listed by PREFERRED SHORE LLC

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

+1(904) 982-8461

josh@welcomehome904.com

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2050-2026 10TH Sarasota, FL 34237