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601 S. School Avenue, Sarasota, FL 34237

Commercial property for sale

  • Description
  • Payne Park Village (PPV) is a mixed use project overlooking 36 acre Payne Park in Downtown Sarasota. Elements include multifamily (condo), retail and office. DONWTOWN EDGE "DTE" ZONING ALLOWS FOR 25 UNITS PER ACRE WITH A MAXIMUM HEIGHT OF FIVE STORIES OF VERTICAL DEVELOPMENT. There are four phases, which can be staged as one development or each phase could be purchased separately. SEE ATTACHED OFFERING MEMORANDUM AND CURRENT RESIDENTIAL MARKET CONDITIONS REPORT. Phase 1. 5.75 acres. Approved use is 112 unit condominium residential community consisting of nine buildings, four 3-story and five 4-story). Offered at $3,800,000. Phase 2/3. (a) 2.92 Acres permitted for 126 condo residential units $4,160,000, and (b) 73,000 SF zoned for office/retail use. Offered at $1,550,000. Phase 4. 0.87 acres. Permitted use is 110 room hotel or office. Could be retail outparcel for proposed Wal-Mart adjoining subject property. Offered at $1,150,000. The current Master Site plan has been approved by the City of Sarasota in a 10 year Development Agreement signed in 2009. Some changes to site plan (not density) are permitted by the Minor Conditional Use process. Building price details: $3,800,000 - 10,660,000.
  • Property Details
  • Property Type: Land
    Use Types: Multi-Family, Office, Retail
    Status: Available
    Price: $ 1,122,105 +/Acre
    Lot Size: 9.500 Acres
    MSA: North Port-Bradenton-Sarasota
    Zoning: DTE
    Terms: Cash to Seller
    Added: 03/01/2012
    Last Update: 01/08/2013
  • Contact info
  • 941-957-3730 [Office]
  • Note

  • Details Info about this row that located on 601 S. School Avenue, Sarasota, FL 34237 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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