Courtesy of COLDWELL BANKER REALTY 941-780-3260
Exceptional investment and development opportunity in Sarasota! This 2.81-acre property, located just off Fruitville Road east of McIntosh, offers significant potential for builders and developers. The seller has already invested substantial time and resources into obtaining approval for a 14-unit multifamily project, paving the way for a streamlined development process. Zoned RSF-3, the property is largely cleared and includes a small pond, adding natural appeal to its layout. The existing 3,100 sq. ft. home, rebuilt five years ago, is on well and septic, with a design well-suited for single-room rentals—an excellent interim revenue source. Alternatively, the zoning allows for a maximum gross density of 12 single-family lots, making this property versatile for a range of development strategies. With its central location and much of the groundwork for approvals already underway, this property presents a rare opportunity for investors and builders to capitalize on a project primed for success.
Exceptional investment and development opportunity in Sarasota! This 2.81-acre property, located just off Fruitville Road east of McIntosh, offers significant potential for builders and developers. The seller has already invested substantial time and resources into obtaining approval for a 14-unit multifamily project, paving the way for a streamlined development process. Zoned RSF-3, the property is largely cleared and includes a small pond, adding natural appeal to its layout. The existing 3,100 sq. ft. home, rebuilt five years ago, is on well and septic, with a design well-suited for single-room rentals—an excellent interim revenue source. Alternatively, the zoning allows for a maximum gross density of 12 single-family lots, making this property versatile for a range of development strategies. With its central location and much of the groundwork for approvals already underway, this property presents a rare opportunity for investors and builders to capitalize on a project primed for success.
Residential
Single Family Residence
1963
One
--
2.81
Active
162
3,100 Sq. Ft.
122,274 Sq. Ft.
Location
- Ceiling Fans(s), High Ceilings
- Washer Hookup
Joe Murphy
COLDWELL BANKER REALTY
Sarasota
A4635469
This content last updated on 06/23/2025 11:22 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Average List Price
$414,119
7%
Average Sale Price
$400,925
7%
Days on Market
59
26%
Homes Sold
148
25%
Median List Price
$379,000
2%
Median Sale Price
$370,000
3%
Sale/Price Ratio
97%
2%
Homes for Sale
199
7%
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