1776 Ringling Blvd
- Prime 237,000 SF Sarasota high-rise
- Award Winning Building Design
- Zoned for Downtown Core (DTC) use
- Strategic Sarasota location
- Highly desirable investment opportunity
- Attractive to multifamily investors
- Potential for high rental demand
- Proximity to amenities and attractions
Property Description
Presenting a landmark opportunity in the thriving Sarasota area! This expansive to construct a fully entitled 237,000 SF building with complete plans to build a 10 Story 52 unit tower, making it an exceptional prospect for multifamily and high-rise development. With its coveted DTC zoning, the potential applications for this property are limitless, offering a wide range of investment options. Boasting an impressive size and a strategic location, this property is perfectly poised to become a signature development in the Sarasota landscape. This represents an unparalleled chance for multifamily and high-rise investors to make a significant impact in this dynamic market and create an enduring legacy in Sarasota's real estate scene.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $11,000,000 |
| No. of Units: | 52 |
| Year Built: | 1986 |
| Lot Size: | 0.77 Acres |
| Opportunity Zone: | No |
| Price per unit: | $211,538 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Hato Rey Norte, San Juan, PR
Hato Rey Norte, San Juan, Puerto Rico
Solar C O Hato V Sec Canta Gallo
Arecibo, Puerto RicoBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout