Log In/Sign Up
Your email has been sent.
2044 Fruitville Road & 223 Wallace ave - Fruitville Rd Redevelopment Opportunity 0.21 Acres of Commercial Land Offered at $1,230,589 CAD in Sarasota, FL 34237
Investment Highlights
- Prime Corner Redevelopment Opportunity
- Residential density up to 50 units per acre with attainable housing bonus potential up to 200 units per acre
- DTC (Downtown Core) zoning allowing high-intensity mixed-use development
- Minutes to Downtown Sarasota, Bayfront, hospitals, dining, retail, and cultural amenities
- Existing improvements provide potential holding income pending future redevelopment
- Exceptional visibility with 35,000+ vehicles per day along Fruitville Road
Executive Summary
Exceptional redevelopment opportunity positioned at the corner of Fruitville Road and Wallace Avenue, just east of the US-301 corridor and minutes to Downtown Sarasota. The property consists of approximately 0.21 acres (9,137± SF) and offers a high-visibility corner location along one of Sarasota’s primary east-west corridors with traffic counts exceeding 35,000 vehicles per day. The site is currently improved with four (4) rental units that may provide potential interim holding income while a developer advances future redevelopment plans and entitlements.
The property is zoned DTC (Downtown Core), Sarasota’s premier high-intensity mixed-use zoning district, allowing for a broad range of redevelopment opportunities including multifamily, mixed-use, office, and retail uses. The site allows for residential density up to 50 units per acre, with bonus density potential of up to 200 units per acre through the downtown attainable housing density bonus.
The property is zoned DTC (Downtown Core), Sarasota’s premier high-intensity mixed-use zoning district, allowing for a broad range of redevelopment opportunities including multifamily, mixed-use, office, and retail uses. The site allows for residential density up to 50 units per acre, with bonus density potential of up to 200 units per acre through the downtown attainable housing density bonus.
Property Facts
1 Lot Available
Lot 2
| Price | $1,230,589 CAD | Lot Size | 0.21 AC |
| Price Per AC | $5,859,948.34 CAD |
| Price | $1,230,589 CAD |
| Price Per AC | $5,859,948.34 CAD |
| Lot Size | 0.21 AC |
The property consists of approximately 0.21 acres (9,137± SF) and offers a high-visibility corner location along one of Sarasota’s primary east-west corridors with traffic counts exceeding 35,000 vehicles per day.
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
2044 Fruitville Road & 223 Wallace ave - Fruitville Rd Redevelopment Opportunity
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.