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3401 Desoto Rd - Multifamily Development Opportunity —Sarasota 8.27 Acres of Residential Land Offered at $6,571,102 CAD in Sarasota, FL 34243
INVESTMENT HIGHLIGHTS
- The property is located at the northeast corner of Desoto Road and Lockridge Road
- Close Proximity to UTC Mall and Sarasota Memorial Hospital
EXECUTIVE SUMMARY
Multifamily Development Opportunity — Desoto Road, Sarasota County, FL
By-Right Density, Tax Benefits & Fast Track Permitting
Features:
• 8.27 Acres in High-Growth Sarasota County
• By-right multifamily permitted via Live Local Act
• Highest allowed density and building height, regardless of current designation
• No rezoning or special exception needed
• Up to 40% affordable units at =120% AMI, 30-year minimum
• Property tax, impact fee, and mobility fee exemptions for projects meeting affordability benchmarks
• Close to UTC Mall, Sarasota Memorial Hospital, and major employers
• Demand for rental units far exceeds current supply
Market Data:
• Population growth, household income, and rental gaps aligned with profitable multifamily investment
• 692-unit rental deficit countywide, with absorption supported by recent demographic data
By-Right Density, Tax Benefits & Fast Track Permitting
Features:
• 8.27 Acres in High-Growth Sarasota County
• By-right multifamily permitted via Live Local Act
• Highest allowed density and building height, regardless of current designation
• No rezoning or special exception needed
• Up to 40% affordable units at =120% AMI, 30-year minimum
• Property tax, impact fee, and mobility fee exemptions for projects meeting affordability benchmarks
• Close to UTC Mall, Sarasota Memorial Hospital, and major employers
• Demand for rental units far exceeds current supply
Market Data:
• Population growth, household income, and rental gaps aligned with profitable multifamily investment
• 692-unit rental deficit countywide, with absorption supported by recent demographic data
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $6,571,102 CAD | Lot Size | 8.27 AC |
| Price Per AC | $794,571.01 CAD |
| Price | $6,571,102 CAD |
| Price Per AC | $794,571.01 CAD |
| Lot Size | 8.27 AC |
DESCRIPTION
The property enjoys excellent visibility from Desoto Road and is conveniently located just 2.8 miles from the Sarasota Memorial Hospital System. This location offers optimal access to the area's extensive healthcare infrastructure.
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PROPERTY TAXES
| Parcel Number | 0020-15-0003 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,146,869 CAD |
PROPERTY TAXES
Parcel Number
0020-15-0003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,146,869 CAD
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3401 Desoto Rd - Multifamily Development Opportunity —Sarasota
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