Photo 1 of 14
$1,600,000
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
4 |
4.00 |
3,100 |
$5,378.68 |
1963 |
On the market:
244 days
|
View full details, 15 photos, school info, and price history
Exceptional investment and development opportunity in Sarasota! This 2.81-acre property, located just off Fruitville Road east of McIntosh, offers significant potential for builders and developers. The seller has already invested substantial time and resources into obtaining approval for a 14-unit multifamily project, paving the way for a streamlined development process.
Zoned RSF-3, the property is largely cleared and includes a small pond, adding natural appeal to its layout. The existing 3,100 sq. ft. home, rebuilt five years ago, is on well and septic, with a design well-suited for single-room rentals—an excellent interim revenue source. Alternatively, the zoning allows for a maximum gross density of 12 single-family lots, making this property versatile for a range of development strategies.
With its central location and much of the groundwork for approvals already underway, this property presents a rare opportunity for investors and builders to capitalize on a project primed for success.
Listing courtesy of Joe Murphy, COLDWELL BANKER REALTY