$1,900,000

Description

Present Offers!! This prime 0.66-acre corner parcel is positioned at the highly visible, signalized intersection of US 301 (Washington Boulevard) and 10th Street, offering unmatched access, visibility, and versatility for forward-thinking developers. The property package includes a strategically located office building with a spacious driveway and dual ingress/egress onto both Washington Boulevard and 10th Street, as well as an income-producing residential unit that provides immediate cash flow while future development plans take shape. With its flexible DTE zoning, the site is primed for a modern mixed-use development, including residential, office, retail, or live/work concepts. The property comes with DRC-approved plans for a four-story mixed-use building featuring 36 residential units and approximately 7,700 square feet of ground-floor retail/office space, significantly accelerating the timeline to break ground. Adding even greater investment value, the parcel is located in a Designated Opportunity Zone—tax benefits that are now permanent in the tax code—offering exceptional capital growth and tax-deferral advantages. The location provides outstanding traffic exposure and regional connectivity, situated directly on US 301 with quick access to Fruitville Road (SR 780), Downtown Sarasota, and Interstate 75. Just minutes from the city’s vibrant cultural venues, waterfront, and thriving restaurant scene, the property also benefits from strong walkability and bikeability, appealing to future residents and commercial tenants seeking an energetic urban lifestyle.