1256 5th St - 1256 5th Street, 1259-1271 4th Street 0.48 Acres of Residential Land Offered at $8,197,494 CAD in Sarasota, FL 34236

Positioned in the heart of Sarasota’s vibrant downtown, this rare assemblage of three parcels offers a prime development opportunity in one of Florida’s most desirable urban cores. Totaling approximately 21,000 square feet, the site is currently zoned Downtown Edge (DTE) but qualifies for rezoning to Downtown Core (DTC), unlocking higher density and mixed-use potential. Surrounding properties have already transitioned to DTC, signaling strong city support for urban growth and redevelopment.
The property’s strategic location places future development within walking distance of Sarasota’s cultural attractions, dining, retail, and waterfront amenities. With city utilities in place and a favorable zoning path, this site is ideal for multifamily, hospitality, or mixed-use projects seeking to capitalize on Sarasota’s thriving economy and high-income demographics. The offering includes a unique sale-leaseback arrangement through June 2025, providing immediate income stability while planning entitlements and design.
This is a rare chance to secure a footprint in Sarasota’s dynamic downtown corridor, where demand for upscale living and commercial space continues to surge.