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$6,000,000

900 N ORANGE AVENUE, SARASOTA, FL 34236

3D Tour
Active1 days on market

Beds

23

Baths

12

Sq Ft

6,838 sq ft

Year Built

1972

Lot Size

0.31 acres

Garage

3

About This Property

PRIME MULTIFAMILY DEVELOPMENT OPPORTUNITY IN SARASOTA’S HISTORIC DISTRICT | RESTORATION ZONE Discover a rare multifamily development opportunity in Downtown Sarasota’s Historic District, ideally positioned on a highly visible corner lot within a designated Sarasota Restoration Zone. Located just minutes from the heart of Downtown Sarasota, this property offers developers, builders, and investors the opportunity to create new construction condominiums, luxury townhomes, or a boutique multifamily residential development in one of Sarasota’s most sought-after and rapidly evolving areas. Zoned for multifamily development with potential for up to 24 residential units, this site offers exceptional flexibility for a variety of residential development concepts. The property is particularly well suited for condos, luxury townhomes, multifamily residences, or an upscale urban residential community designed to take advantage of Sarasota’s continued growth and strong demand for new housing. One of the property’s major advantages is that utilities are already on site, including water, sewer, electric, and other essential services, potentially helping reduce infrastructure costs and simplify the development process. The location provides an exceptional walkable Downtown Sarasota lifestyle, with convenient access to restaurants, cafés, shopping, entertainment, cultural attractions, art galleries, theaters, Sarasota Bay, and the vibrant downtown district. Sarasota continues to experience significant residential growth, with new construction and redevelopment transforming the surrounding area and creating increased demand for well-located multifamily housing. PROPERTY HIGHLIGHTS: Prime corner lot in Sarasota’s Historic District Located within a Sarasota Restoration Zone, Multifamily zoning, Potential for up to 24 residential units, Ideal for condominium development or luxury townhomes, Excellent opportunity for multifamily redevelopment, Water, sewer, electric and utilities already on site, Walkable to Downtown Sarasota, Close to restaurants, shopping, entertainment, arts and Sarasota Bay, Surrounded by ongoing new construction and redevelopment, Strong demand for new residential housing, High-visibility corner location, Excellent opportunity for developers, builders and investors, Potential for significant redevelopment and investment upside A rare Sarasota development opportunity in a highly desirable location. With multifamily zoning, Restoration Zone designation, utilities already on site, and the ability to potentially develop up to 24 residential units, this property offers a compelling opportunity to participate in the continued transformation and growth of Downtown Sarasota and the surrounding Historic District. Contact us today for zoning information, development details, site information, and to explore the potential of this exceptional Sarasota multifamily development site.

Property Overview

Property TypeResidential Income
Sub TypeDuplex
MLS #A4707968
StatusActive
Year Built1972
ConstructionBlock
RoofShingle
FoundationOther
SubdivisionPETROUTSA BROTHERS SUB
CountySarasota
OwnershipFee Simple
FurnishedNegotiable

Interior Features

InteriorCeiling Fan(s), Other, Solid Surface Counters
FlooringCeramic Tile
AppliancesDisposal, Electric Water Heater
LaundryOther
CoolingCentral Air
HeatingCentral

Exterior & Lot

ExteriorOther
Lot Size0.31 acres (13,400 sq ft)
Lot Dimensions134 x 100
Road SurfaceAsphalt
0

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesElectricity Connected, Sewer Connected, Water Connected

Parking

GarageYes (3 spaces)

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$6,000,000
Annual Taxes$14,171 (2025)
FinancingCash, Conventional
ZoningDTE
Parcel #2026020048

Directions

From Fruitville : 1.-North on Orange Ave, 2.-On right at corner of Orange Ave, and 9th Street.

Location

900 N ORANGE AVENUE, SARASOTA, FL 34236

Listing Information

OfficeCOMPASS FLORIDA LLC
ListedSeptember 30, 2026

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Home Price

$6,000,000

20% ($1,200,000)
6.75%

Loan Term

Principal & Interest$31,133
Property Tax (est.)$5,500
Insurance (est.)$150
Total Monthly$36,783
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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: October 1, 2026.

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