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Active - Mixed Use for sale
1565 STATE STREET, Sarasota, FL
Facts & features
Why you’ll love it
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.
Listings courtesy of RE/MAX ALLIANCE GROUP as distributed by MLS GRID.
Listed by: Tom Cail, Pa • tom@cailgrande.com • RE/MAX ALLIANCE GROUP
Co-listed by: Jason Grande • RE/MAX ALLIANCE GROUP
Source: Stellar MLS as distributed by MLS GRID, MLS#: A4683759
Based on info available as of Nov 13, 2026 at 12:33 PM EST.
Come see by yourself
Affordability
$33,346/mo
- Mortgage$29,834
- Property tax$3,512
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
$118,000 Credit back
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Travel times
About Plat Of Sarasota Exhibit
This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.
Disclaimer
Based on information submitted to the MLS GRID as of Nov 13, 2026 at 12:33pm EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Make a winning offer, and get up to
$118,000 Credit back
