777 S Palm Avenue, Sarasota, FL 34236

$5,999,000
List Price
$5,999,000
Status
Active
Days on Market
237
Price Change
▼ $301,000 1661199670
MLS#
A4523801
Property Style
Mixed Use
Year Built
1968
Lot Size
24,000
Acres
0.55
Total Acreage
1/2 to less than 1
MLS Area Major
Sarasota

Property Description

777 S. Palm - WHAT A GREAT ADDRESS and being offered at a NEW PRICEPOINT! One of the last buildable locations on one of Sarasota’s most iconic downtown streets with views of Sarasota Bay and Selby Botanical Gardens! Leases are currently in place; however, value is in the potential of Bay and City views. DTE (DOWNTOWN EDGE) ZONING, which allows for 26 units/acre residential or 50 units/acre for hotel. Potential for luxury condos, boutique hotel, retail, art gallery or professional city business complex. Rare opportunity on prestigious Palm Avenue lined with luxury condos and specialty retail, art galleries and restaurants. Easy walk to the Bayfront park and MARINA, which can dock virtually any size vessel. Walking distance to the new Sarasota Art Museum offering classes, exhibits and a café. Across the street from Selby Gardens, a 15-acre urban campus & Bayfront oasis showing a living collection of rare and beautiful tropical plants. Nationally recognized for exhibitions of horticultural and garden displays, as well as live performances and lectures. Once it’s sold - it’s gone. CALL FOR MORE INFORMATION!

Additional Information

Taxes Annual
$25670
Location
Corner Lot, City Limits, Street Lights, Paved
Community Features
No Deed Restriction
Zoning
DTE
Utilities
Public
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Block
Foundation
Stem Wall
Pool
No Pool
Garage Features
Parking Spaces - 19 to 30, Common
Water Name
Gulf Of Mexico
Water View
Bay/Harbor - Full, Gulf/Ocean - Partial
Flood Zone Code
AE
Parcel ID
2036030011
Legal Description
LOTS 6 & 7 LESS S 40 FT OF LOT 7

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of COLDWELL BANKER REALTY.

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