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$2,200,000

2050-2026 10TH, SARASOTA, FL 34237

3D Tour

Active380 days on market

Beds

Baths

Sq Ft

1,027 sq ft

Year Built

1947

Lot Size

0.80 acres

Garage

—

About This Property

This centrally located, five-parcel assemblage in Sarasota’s Park East neighborhood offers a rare redevelopment opportunity in an area experiencing ongoing growth. Totaling approximately 35,000 square feet (350 road frontage x 100) deep or (0.80 acres), the site currently includes five income- producing rental units bringing in a total of $8,250 per month. The property is also situated within an Opportunity Zone. Zoning allows for mixed-use development with ground-floor commercial and multifamily residential uses as well as hotel developments with ground-floor commercial. The property supports a base density of 25 units per acre, with the potential to achieve up to 100 units per acre through participation in the City of Sarasota’s Attainable Housing Density Bonus Program. Building heights of up to four stories are permitted under current zoning. The property is strategically located near downtown Sarasota, US-301, Fruitville Road, and I-75, offering convenient access to local employers, retail corridors, and regional transportation. Nearby recreational and cultural amenities include Bayfront Park, Payne Park, Gillespie Park, and the Rosemary District. Rental income provides holding revenue while entitlements and development planning are pursued. Buyer is responsible for verifying all zoning regulations, density bonuses, and development entitlements with the City of Sarasota.

Property Overview

Property TypeResidential Income

Sub TypeMulti Family (5+)

MLS #TB8397140

StatusActive

Year Built1947

ConstructionAsbestos, Vinyl Siding, Wood Frame, Wood Siding

RoofMetal, Shingle

FoundationBlock, Crawlspace, Pillar/Post/Pier

SubdivisionSHANANDOAH PARK

CountySarasota

OwnershipFee Simple

Interior Features

InteriorPrimary Bedroom Main Floor

LaundryNone

CoolingCentral Air, Wall/Window Unit(s)

HeatingCentral, Wall Units / Window Unit

Exterior & Lot

ExteriorOutbuilding

Lot Size0.80 acres (35,000 sq ft)

Lot Dimensions350 x 100

Lot FeaturesCity Lot, Near Public Transit, Sidewalk

Road SurfacePaved

Utilities

WaterPublic

SewerPublic Sewer

UtilitiesElectricity Connected, Sewer Connected, Water Connected

Parking

GarageNo

HOA & Community

HOANo

Senior CommunityNo

Financial Details

List Price$2,200,000

Original Price$22,000,000

Annual Taxes$18,777 (2024)

FinancingCash, Special Funding

ZoningDTE

Parcel #2028040036

Directions

Head West on Fruitville Rd from i-75. Turn Right on 301 (N Washinton blvd). Turn Right on 10th St. Properties will be located on the right.

Location

2050-2026 10TH, SARASOTA, FL 34237

Listing Information

OfficePREFERRED SHORE LLC

ListedJune 14, 2025

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Home Price

$2,200,000

Down Payment20% ($440,000)

Interest Rate6.75%

Loan Term

Principal & Interest$11,415

Property Tax (est.)$2,017

Insurance (est.)$150

Total Monthly$13,582

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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: June 29, 2026.