$995,000

1469 5th Street

SARASOTA FL, 34236

Description

PRE-CONSTRUCTION. TO BE BUILT. Attention Builders & Developers: Tremendous Development opportunity awaits on one of the few remaining parcels in the Red Hot Rosemary District, having completed Site Plan Approval Process. One of the last Shovel Ready projects entitled under the recently expired 75 acre Overlay District, subject property faces 5th St. & 2 adjacent alleyways. Within 6 months, this flowing Modern Architecture project, featuring Only 7 Residences - This is Huge - will be ready to break ground & commence construction. Forget about the 2 year + time commitment to design & engineer a project for issuance of permit - Seller has done most all of that, as well as locating a highly qualified Contractor. Final Engineering & Construction Plans are still to be completed therefore the 6 month time period to permit. In 18 months, profits could begin rolling in. New construction designs offer High Ceilings, latest hurricane construction standards, walls of glass, high efficiency HVAC, elevators, beautifully designed spa areas & Private Pools which grace 6 of the 7 Units, culminating with 2 Spectacular 2 Story Rooftop Penthouses & 7 separate secure parking garages. New Condos, Apartments, Retail, Hotels & restaurants abound in immediate area along with new 53 acre Bay Sarasota Project only 4 blocks away, property values are destined to explode along with all Downtown & our precious SRQ Bayfront. Join us now & become an integral participant in the Rosemary Revolution.

Details

MLS#A4437271
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site374

Features

ZoningDTE
Acreage0.12

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Area Information

StateFL
CitySARASOTA
Zip Code34236
Area34236 - Sarasota
Listing VS Median (in 34236)
Price:
$995,000
low | high
Med:
$624,010
87.285427135678% of Average
On Site:
374
low | high
Med:
316.500000
100% of Average
Listing Updated: 06/05/2020
MLS Number: A4437271
Listing Provided By:
Frank Lambert  of  PREMIER SOTHEBYS INTL REALTY

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