Address
918 Orange Avenue, SARASOTA, FL
Price
$ 6,000,000
Property Attributes
  • MLS#A4701380
  • TypeLand
  • Listing Status Active
  • CountySarasota
  • CitySARASOTA
  • AreaSarasota
  • NeighborhoodPETROUTSA BROTHERS SUB
  • Zip34236
  • Style
  • Taxes$ 3387
  • Price$ 6,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.85 Acres
Data Source:
Stellar MLS
Property Description

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 units, Ideal for condominium development or luxury townhomes, Excellent opportunity for multifamily redevelopment, Water, sewer, electric and utilities already on site, Walkable to Downtown Sarasota, Close to restaurants, shopping, entertainment, arts and Sarasota Bay, Surrounded by ongoing new construction and redevelopment, Strong demand for new residential housing, High-visibility corner location, Excellent opportunity for developers, builders and investors, Potential for significant redevelopment and investment upside A rare Sarasota development opportunity in a highly desirable location. With multifamily zoning, Restoration Zone designation, utilities already on site, and the ability to potentially develop up to 24 residential units, this property offers a compelling opportunity to participate in the continued transformation and growth of Downtown Sarasota and the surrounding Historic District. Contact us today for zoning information, development details, site information, and to explore the potential of this exceptional Sarasota multifamily development site.

Price History
8/12/2026 Listed $6,000,000

General Features

Sewer Public Sewer
Utilities Electricity Available,Natural Gas Available,Sewer Available,Water Available
Zoning DTE
Tax Year 2025
Current Use Residential
Ownership Fee Simple
Additional Parcels Description 2026 02 0048, 2026 02 00502026 02 0033,
County Sarasota
Property Type Land
Subdivision Name PETROUTSA BROTHERS SUB
Facing Direction West
Status Active
Directions From 1000 N Washington Blvd, Sarasota, FL 1.-Head toward 10th St.39 ft 2.-Turn right onto 10th St.0.5 mi 3.-Turn left onto N Orange Ave. Destination will be on the left
City SARASOTA
MLS Area 34236 - Sarasota
Lot Size Units Square Feet
Lot Size Square Feet 37026
Listing Terms Cash,Conventional
Tax Annual Amount 3387
Additional Parcels Y/N true
Virtual Tour https://youtu.be/DcV5QcknlbM
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 2
Legal Description LOT 2 BLK B PETROUTSA BROTHERS SUB
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
Flood Zone Code X Yes
DockY/N false

Exterior Features

Lot Features Buildable
Water Source Public
Lot Size Area 37026
Lot Dimensions 183 x 201
Lot Size Acres 0.85
Road Surface Type Paved
Waterfront Y/N false
Number of Lots 5

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 34236

Price
AVG $3.13M
$6M
Taxes
AVG $24,158
$3,387