USAFLSarasotaPlat of Sarasota Exhibit1565 State St
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$5,900,000

For Sale

21 days ago

1565 State St, Sarasota, FL

MLS® A4683759

0 Bed

0 Bath

12626 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size 12626 sqft
Garage No
HOA Fees 
Taxes $42,149
Days Active 20
Approx. Age 1921
Avg. Price Per Sqft $467
MLS® Number A4683759

Property Address: 1565 State St, SARASOTA, FL, 34236-5808

Average square foot calculated using Size range provided by listing agent.

Description

Large parcel in the heart of dowtown, with 15 on site parking paces (incredibly rare) and a city parking garage directly across the street. The 13, 000 SF building has been gutted and is ready to be finished off or re developed. Zoning is DTC (Downtown Core) allowing 10 stories at 50 units per acre or 18 residential units. Density Bonus: The City of Sarasota, to encourage Attainable Housing, has created an Attainable Housing Density Bonus” AHDB” entitlement option for DTC, DTB and DTE zoned properties. The AHDB offers up to 4-times the entitled residential density provided 15% of the “bonus” units are “attainable”. Base residential density for the subject is 18-units; under the AHDB the subject is entitled to 72-units provided 8-units “attainable” and 64 may be market rate. “Attainable” is defined that rent or sales price does not exceed 30% of the AMI (area medium income). Currently AMI for the City of Sarasota is approximately $80, 000 per year.
MLS® NumberA4683759
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1921
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 24, 2026List Date
$5,900,000List Price
  • Commute

Commute

Starting Address
Destination Address
1565 State St, SARASOTA, FL

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