Hospitality Redevelopment Opportunity 2 Hospitality Properties Offered at $6,340,318 CAD in Sarasota, FL

Take advantage of newly improved density and zoning rules in Sarasota with 4108 and 4014 N Tamiami Trail, a strategically located 2.17-acre corner property in the heart of a rapidly growing area. This unique offering includes the Allamanda Motel, a 26-room establishment, and the neighboring Sundial Motor Inn, featuring 10 motel suites. Additionally, a single-family home currently used as a rental property adds to the portfolio.

This property, located just south of the Sarasota-Bradenton International Airport and only minutes from Florida's acclaimed Gulf Coast beaches, is ideally suited for redevelopment, The North Trail Overlay zoning offers an exceptional development opportunity, with the area approved for higher density with 15% affordable housing.

Sarasota is one of the top 10 places to live in the United States and is witnessing robust growth. With a projected annual growth rate of nearly 3% from 2024 to 2029 and $2 billion in consumer spending within a 5-mile radius, the demand for housing and commercial spaces is surging.

Envision a new footprint for this vibrant community as it expands westward into affluent neighborhoods. Whether an investor looking to capitalize on Sarasota's growth or a developer seeking a prime redevelopment site, this property can significantly impact one of the region's most promising areas.