Fruitville Rd Redevelopment Opportunity | DTC Zoned Near Downtown Sarasota, FL

Investment Overview

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 approximately 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 that may provide potential interim holding income while a developer advances future redevelopment plans and entitlements. 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.

Investment Highlights

• Prime corner redevelopment opportunity
• Existing improvements provide potential holding income pending future redevelopment
• 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