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North Shade Avenue

Sarasota FL 34237

54465 sq. ft.
Land
Currently for sale - view listing

Overview

A well located property on the intersection of Fruitville Rd and N Shade Ave. in Sarasota, FL zoned Downtown Edge. 1.25 acres. This versatile site represents an ideal opportunity for mixed use development with frontage on a major arterial. Featuring a well located site with easy access to virbant urban amenities, this property is ideal for a land/multifmaily investor/developer seeking a strong rental income investment or high value condo sales. Additional trade density rights are available through the City's Downtown Attainable Housing Density Bonus Program can provide up to four times the allowable units per this zoning district. Residents can take advantage of the vibrant energy of nearby Downtown Sarasota and the highly regarded arts and culture district, all of which is less than a 5 minute drive away. SRQ International Airport and I-75 are both within 15 minutes from the site. This location is also surrounded by a very diverse culinary scene and upscale shopping experiences including Main Street Shops and St. Armand's Circle. Award winning Gulf Coast beaches and the picturesque Sarasota Bayfront are just minutes away. Highlights -Rare opportunity to purchase vacant land fronting Fruitville Rd -Zoned DTE for diverse development potential -Site is eligible for Downtown Attainable Housing Density Bonus Program providing up to 4x density -Accessible via a traffic lit intersection on Fruitville Rd and Shade Ave -Considerable residential and commercial development planned in immediate vicinity of the Subject Property

Features

54465 sq. ft. lot size
Land

Happy sellers in Sarasota

<50%
Less than 50% of sellers in Sarasota reported that their sale price either exceeded or met their price expectations.

Sarasota stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 11 reviews in Sarasota over the last 12 months.

Local market activity for land plots in Sarasota

In the last 12 months, 4 land plots similar to North Shade Avenue, have been sold.

This represents a 34% increase in land plots sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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