Lime Avenue

Land

Lime Avenue, SarasotaFL 34237

Property Details

Location

Address
Lime Avenue, SarasotaFL 34237
County
Sarasota
Submarket
Sarasota

Building Size

Building Size

Building Details

Type
 Land
Number of Buildings
Occupancy Type
Single Tenant
Percent Occupied
Building Class
Building Status
Existing
Floors
Year Built
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
1.92 Acres
Land (SF)
83,635 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
DTE
Lot Depth
Lot Width

Contacts

Current Listings

Downtown Sarasota Development Opportunity

83,220 SF$7,750,000
HARRY ROBBINS ASSOC INC

Development opportunity near US-301 and Fruitville in the downtown edge district. The current zoning for the site is Downtown Edge (DTE) allowing for 25 residential units per acre, medical/general office, retail, and other uses. The site consists of nearly 2-acres of land. The site is within a block of a lighted intersection, providing quick access to major North/South and East/West thoroughfares. The surrounding neighborhood is in the process of massive redevelopment with current construction of a hotel, 410 luxury apartments, 25,000 s/f of retail and a grocery store. The subject parcel allows for a mixed-use development with nearly 50 residential units. There is a future land use application for additional density to increase to 134 units, with an estimated 10,000+ s/f retail commercial space on the ground floor.

The property is in one of the fastest growing markets on the Southwest Florida Coast. Just a short distance to nationally rated Siesta Key Beach, Lido Key Beach and St. Armand’s Circle. The population of the Sarasota area continues to grow at record breaking rates. Major employers in the vicinity include Sarasota Memorial Hospital, with over 135 beds with a projected employment of 600 to 700 and currently has multiple projects in the work. The area also continues to see a rise in redevelopment and new developments. Today, the City of Sarasota is a mix of history and modern attractions. Many historic homes and neighborhoods remain intact, including the beautiful brick pavers surrounding the subject property, while other areas of the city have been updated with shopping centers, hotels, restaurants, and other businesses. Tourism continues to rise in the area with many coming to the city to enjoy the beautiful beaches and all that Sarasota has to offer.

HARRY ROBBINS ASSOC INC

Development opportunity near US-301 and Fruitville in the downtown edge district. The current zoning for the site is Downtown Edge (DTE) allowing for 25 residential units per acre, medical/general office, retail, and other uses. The site consists of nearly 2-acres of land. The site is within a block of a lighted intersection, providing quick access to major North/South and East/West thoroughfares. The surrounding neighborhood is in the process of massive redevelopment with current construction of a hotel, 410 luxury apartments, 25,000 s/f of retail and a grocery store. The subject parcel allows for a mixed-use development with nearly 50 residential units. There is a future land use application for additional density to increase to 134 units, with an estimated 10,000+ s/f retail commercial space on the ground floor.

The property is in one of the fastest growing markets on the Southwest Florida Coast. Just a short distance to nationally rated Siesta Key Beach, Lido Key Beach and St. Armand’s Circle. The population of the Sarasota area continues to grow at record breaking rates. Major employers in the vicinity include Sarasota Memorial Hospital, with over 135 beds with a projected employment of 600 to 700 and currently has multiple projects in the work. The area also continues to see a rise in redevelopment and new developments. Today, the City of Sarasota is a mix of history and modern attractions. Many historic homes and neighborhoods remain intact, including the beautiful brick pavers surrounding the subject property, while other areas of the city have been updated with shopping centers, hotels, restaurants, and other businesses. Tourism continues to rise in the area with many coming to the city to enjoy the beautiful beaches and all that Sarasota has to offer.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: MFCRE

More Information

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