128 North Briggs Avenue Sarasota, FL 34237

$1,375,000
1.04
Acres
$1,375,000
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What will soon be 2701 Fruitville Rd, after you buy it. Sarasota City passed earlier in the year, up to 75 units/acre, high density residential. Endless commercial applications as well. 270' of frontage, 150' deep, 3 access points, 50000 cars a day, a perfect rectangle. Very few properties of this scale with the correct future land use pencil out these days, this one does. Inquire with listing agent about those density bonuses if you prefer multifamily development. The cherry on top, this property includes a 3/2 single family home, roughly 20k gross annual income back to your pocket while you wait for standard approval process'. Want more? The seller would consider holding paper for well qualified buyers.

What will soon be 2701 Fruitville Rd, after you buy it. Sarasota City passed earlier in the year, up to 75 units/acre, high density residential. Endless commercial applications as well. 270' of frontage, 150' deep, 3 access points, 50000 cars a day, a perfect rectangle. Very few properties of this scale with the correct future land use pencil out these days, this one does. Inquire with listing agent about those density bonuses if you prefer multifamily development. The cherry on top, this property includes a 3/2 single family home, roughly 20k gross annual income back to your pocket while you wait for standard approval process'. Want more? The seller would consider holding paper for well qualified buyers.

Listed by:
Compass Florida Llc

Source:
StellarMLS

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Property details

Community Features

  • No HOA

Property Features

  • Sewer

Exterior features

  • No Pool

Financing

  • Cash
  • Conventional Financing
  • None
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Photo of Montana Taplinger
Montana Taplinger