900 N ORANGE AVENUE
Sarasota, FL 34236
$6,000,000
PRIME MULTIFAMILY DEVELOPMENT OPPORTUNITY IN SARASOTA’S HISTORIC DISTRICT | RESTORATION ZONE Discover a rare multifamily development opportunity in Downtown Sarasota’s Historic District, ideally positioned on a highly visible corner lot within a designated Sarasota Restoration Zone. Located just minutes from the heart of Downtown Sarasota, this property offers developers, builders, and investors the opportunity to create new construction condominiums, luxury townhomes, or a boutique multifamily residential development in one of Sarasota’s most sought-after and rapidly evolving areas. Zoned for multifamily development with potential for up to 24 residential units, this site offers exceptional flexibility for a variety of residential development concepts. The property is particularly well suited for condos, luxury townhomes, multifamily residences, or an upscale urban residential community designed to take advantage of Sarasota’s continued growth and strong demand for new housing. One of the property’s major advantages is that utilities are already on site, including water, sewer, electric, and other essential services, potentially helping reduce infrastructure costs and simplify the development process. The location provides an exceptional walkable Downtown Sarasota lifestyle, with convenient access to restaurants, cafés, shopping, entertainment, cultural attractions, art galleries, theaters, Sarasota Bay, and the vibrant downtown district. Sarasota continues to experience significant residential growth, with new construction and redevelopment transforming the surrounding area and creating increased demand for well-located multifamily housing. PROPERTY HIGHLIGHTS: Prime corner lot in Sarasota’s Historic District Located within a Sarasota Restoration Zone, Multifamily zoning, Potential for up to 24 residential ...
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Listing Courtesy of: COMPASS FLORIDA LLC
941-279-3630
| Listing Id: | A4707968 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Bathrooms Full: | 12 |
| Living Area: | 6,838 |
| Tax Annual Amount: | $14,171 |
| Lot Size Acres: | 0.31 |
| County Or Parish: | Sarasota |
| Postal Code: | 34236 |
| Attached Garage?: | Yes |
| Bathrooms Total Integer: | 12 |
| Building Area Total: | 13400 |
| Foundation Details: | Other |
| Directions: | From Fruitville : 1.-North on Orange Ave, 2.-On right at corner of Orange Ave, and 9th Street. |
| Exterior Features: | Other |
| Furnished: | Negotiable |
| Garage?: | Yes |
| Community Features: | Sidewalks |
| Laundry Features: | Other |
| Levels: | Two |
| Living Area Source: | Public Records |
| Lot Size Dimensions: | 134x100 |
| MLS Area Major: | 34236 - Sarasota |
| Parcel Number: | 2026020048 |
| Township: | 36 |
| Road Surface Type: | Asphalt |
| Listing Terms: | Cash, Conventional |
| Sewer: | Public Sewer |
| Additional Parcels Description: | 202020033, 2026020034, 2026020035, 2026020050 |
| Number Of Lots: | 5 |
| Public Survey Range: | 18 |
| Zoning: | DTE |
| Alternate Key Folio Num: | 2026020048 |
| Annual Net Income: | 346800.00 |
| Cddyn: | No |
| Dprurl 2: | https://www.workforce-resource.com/dpr/listing/MFRMLS/A4707968?w=Customer |
| Flood Zone Date: | 2024-03-27 |
| Green Verification Count: | 0 |
| Listing Exclusion Yn: | No |
| Property Description: | Studio/Efficiency |
| Total Acreage: | 1/4 to less than 1/2 |
| Total Num Buildings: | 2 |
| Unit Count: | 2 |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Association 2 Yn: | 0 |
| Originating System Name : | Stellar MLS |
| Listing Contract Date: | 2026-09-30 |
| List Price: | $6,000,000 |
|---|---|
| Property Sub Type: | Duplex |
| Bedrooms Total: | 23 |
| Lot Size Square Feet: | 13,400 |
| City: | Sarasota |
| Subdivision Name: | Petroutsa Brothers Sub |
| Year Built: | 1972 |
| Additional Parcels?: | Yes |
| Appliances: | Disposal, Electric Water Heater |
| Building Area Source: | Public Records |
| Building Area Units: | Square Feet |
| Construction Materials: | Block |
| Cooling: | Central Air |
| Flooring: | Ceramic Tile |
| Garage Spaces: | 3 |
| Heating: | Central |
| Interior Features: | Ceiling Fans(s), Other, Solid Surface Counters |
| Ownership: | Fee Simple |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 0.31 |
| Postal Code Plus4: | 4179 |
| MLS Area Major: | 34236 - Sarasota |
| Original List Price: | $6,000,000 |
| Parking Features: | Other |
| Roof: | Shingle |
| Tax Year: | 2025 |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Utilities: | Electricity Connected, Sewer Connected, Water Connected |
| Water Source: | Public |
| Property Condition: | Completed |
| Public Survey Section: | 19 |
| Building Area Total Srch Sq M: | 1244.90 |
| Calculated List Price By Calcula: | 877.45 |
| Dprurl: | https://www.workforce-resource.com/dpr/listing/MFRMLS/A4707968?w=Agent&skip_sso=true |
| Dpryn: | No |
| Flood Zone Code: | X |
| Flood Zone Panel: | 12115C0131G |
| Garage Dimensions: | 25x14 |
| Living Area Meters: | 635.27 |
| Lot Size Square Meters: | 1245 |
| Sdeo yn: | No |
| Sw Subdiv Community Name: | Petroutsa Brothers Sub |
| Unit Number Yn: | No |
| Water View: | No |
| Possession: | Close Of Escrow |
| Attribution Contact: | 941-279-3630 |
| Dock Yn: | No |
| Green Energy Generation Yn: | No |
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Property Last Updated: October 08, 2026 04:15 PM - CT
