2044 Fruitville Rd & 223 Wallace Ave
- Prime corner redevelopment opportunity
- DTC (Downtown Core) zoning allowing high-intensity mixed-use development
- Residential density up to 50 units per acre with attainable housing bonus potential up to 200 units per acre
- Exceptional visibility with 35,000+ vehicles per day along Fruitville Road
- Minutes to Downtown Sarasota, Bayfront, hospitals, dining, retail, and cultural amenities
Property Description
Exceptional redevelopment opportunity positioned at the corner of Fruitville Road and Wallace Avenue, just east of the US-301 corridor and minutes to Downtown Sarasota. The property consists of two parcels, totaling ±0.21 acres (9,137± SF) and offers a high-visibility corner location along one of Sarasota’s primary east-west corridors with traffic counts exceeding 35,000 vehicles per day. The site is currently improved with four (4) rental units. The property is zoned DTC (Downtown Core), Sarasota’s premier high-intensity mixed-use zoning district, allowing for a broad range of redevelopment opportunities including multifamily, mixed-use, office, and retail uses. The site allows for residential density up to 50 units per acre, with bonus density potential of up to 200 units per acre through the downtown attainable housing density bonus.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $795,000 |
| No. of Units: | 1 |
| Year Built: | 1918 |
| Lot Size: | 0.21 Acres |
| Opportunity Zone: | No |
| Price per unit: | $795,000 |
| Property Website | Click Here |
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