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SARASOTA, FL 34237 2050-2026 10TH

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Presented By: PREFERRED SHORE LLC with 941-999-1179. - 941-999-1179
  • MLS# TB8397140
  • 06/14/2025
  • Request Tour
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  • Beds • 8
  • Baths • 5
  • SQFT • 1,027

Home Details

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. Seller financing may be available, subject to terms. Buyer is responsible for verifying all zoning regulations, density bonuses, and development entitlements with the City of Sarasota.
Presented By: PREFERRED SHORE LLC with 941-999-1179. - 941-999-1179

Interior Features for 2050-2026 10TH

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths5

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior Amenitiesprimary bedroom main floor
Laundry Featuresnone

General for 2050-2026 10TH

Additional Parcels Description2028040034, 2028040035, 2028040031 2028040033
Additional Parcels Y/NYes
Building Area Unitssquare feet
Carport Y/NNo
Citysarasota
Construction Materialsasbestos, vinyl siding, wood frame, wood siding
Coolingcentral air, wall/window unit(s)
Countysarasota
Directionshead west on fruitville rd from i-75. turn right on 301 (n washinton blvd). turn right on 10th st. properties will be located on the right.
DockY/NNo
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
Gross Income99000
HOANo
Heatingcentral, wall units / window unit
Land Lease Y/NNo
Legal Descriptionlots 3 & 5 blk b shenandoah park, lot 7 blk b shenandoah park, lot 9 blk b shenandoah park, lot 11 blk b shenandoah park, lots 13 & 15 blk b shenandoah park
Listing Termscash, owner may carry, special funding
Living Area Unitssquare feet
Lot Size Square Feet35000
Lot Size Unitssquare feet
MLS Area34237 - sarasota
ModificationTimestamp2025-06-15t05:00:11.317z
New ConstructionNo
Number Of Units Total5
Occupancy Typetenant
Ownershipfee simple
Property Subtypemulti family
Property Typeresidential income
Roofmetal, shingle
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Nameshanandoah park
Tax Annual Amount18776.7
Tax Lotna
Tax Year2024
Tenant Payselectricity, sewer, trash collection, water
Total Actual Rent8250
Utilitieselectricity connected, sewer connected, water connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1947
Zoningdte

Exterior for 2050-2026 10TH

Exterior Amenitiesoutbuilding
Foundation Detailsblock, crawlspace, pillar/post/pier
Lot Dimensions350 x 100
Lot Featurescity lot, near public transit, sidewalk
Lot Size Acres0.8
Lot Size Area35000
Number of Buildings5
Number of Lots5
Number of Separate Electric Meters6
Private PoolNo
Road Frontage Typestreet paved
Road Surface Typepaved
Water Sourcepublic
Waterfront Y/NNo

Additional Details

Price History

Steven Silcock

Broker Owner
Price $2,200,000
MLS#TB8397140
List Date 06/14/2025
Property Type Income
Phone 407.574.0218
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