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.
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.
Property Details
Price:
$5,900,000
MLS #:
A4683759
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Subdivision:
PLAT OF SARASOTA EXHIBIT
Neighborhood:
34236sarasota
Listed Date:
Feb 24, 2026
Finished Sq Ft:
12,626
Total Sq Ft:
13,076
Lot Size:
15,750 sqft / 0.36 acres (approx)
Year Built:
1921
See this Listing
Schools
Interior
Cooling
Other
Exterior
Construction Materials
Block, Brick
Financial
Tax Year
2025
Taxes
$42,149
Map
Community
- Address1565 STATE STREET SARASOTA FL
- SubdivisionPLAT OF SARASOTA EXHIBIT
- CitySARASOTA
- CountySarasota
- Zip Code34236
Market Summary
Current real estate data for Commercial in SARASOTA as of Aug 29, 2026
43
Commercial Listed
218
Avg DOM
572
Avg $ / SqFt
$1,811,600
Avg List Price
Property Summary
- Located in the PLAT OF SARASOTA EXHIBIT subdivision, 1565 STATE STREET SARASOTA FL is a Commercial for sale in SARASOTA, FL, 34236. It is listed for $5,900,000 To schedule a showing of MLS#a4683759 at 1565 STATE STREET in SARASOTA, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of RE/MAX ALLIANCE GROUP. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 1565 STATE STREET
SARASOTA, FL