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2050-2026 10th
For Sale $2,200,000 ($2,142.16 per Sq Ft)
$2,200,000 ($2,142.16 per Sq Ft)
- 5 Units
- 1,027 Sq Ft
- 35,000 Sq Ft
- Unknown Cap Rate
Description
This centrally located, five-parcel assemblage in Sarasota’s Park East neighborhood offers
a rare redevelopment opportunity in an area experiencing ongoing growth. Totaling
approximately 35,000 square feet (350 road frontage x 100) deep or (0.80 acres), the site currently includes five income-
producing rental units bringing in a total of $8,250 per month. The property is also situated within an Opportunity Zone.
Zoning allows for mixed-use development with ground-floor commercial and multifamily
residential uses as well as hotel developments with ground-floor commercial. The
property supports a base density of 25 units per acre, with the potential to achieve up to
100 units per acre through participation in the City of Sarasota’s Attainable Housing
Density Bonus Program. Building heights of up to four stories are permitted under
current zoning.
The property is strategically located near downtown Sarasota, US-301, Fruitville Road, and
I-75, offering convenient access to local employers, retail corridors, and regional
transportation. Nearby recreational and cultural amenities include Bayfront Park, Payne
Park, Gillespie Park, and the Rosemary District.
Rental income provides holding revenue while entitlements and development planning
are pursued. Buyer is responsible for
verifying all zoning regulations, density bonuses, and development entitlements with the
City of Sarasota.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,200,000 |
| Property Type | Multi-Family |
| Usable Sqft | 1,027 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1947 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2028040036 |
| MLS # | TB8397140 |
| Property ID | 321943973 |
| Lot Sqft | 35,000 |
| Zoning | DTE |
| Total Units | 5 |
| Days on Market | 393 |
| Original List Price | $22,000,000 |
| Date Updated | June 29, 2026 |
| Date Created | June 12, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Connor Meckley an agent of .
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of June 29, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT