3808 Tamiami Trl
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3808 Tamiami Trl
14,288 SF Office Building Sarasota, FL 34234 $3,850,000 ($269/SF)
Investment Highlights
- 2.14 Acres of NT Zoned Land
- Excellent location to utilize all the advantages of SB 102 or the City's new additional density.
- Minutes from I-75, Ringling College, Downtown Sarasota, USF, Sarasota Bradenton Airport and more!
- Existing vested residential units 77, under SB 102 or the City’s new proposed code 308 allowable residential units
- Property located in Opportunity Zone - Perfect for development! Tax-free in ten years
Executive Summary
Most affordable price per unit in Sarasota!
The property currently has 77 vested residential units. However, under SB 102 and utilizing the Commercial Corridors and Commercial Centers Attainable Housing Density Bonus Program, the allowable residential units increase significantly to a total of 231 and possible height bonus of up to 2 stories. This prime location is ideally positioned to take full advantage of the enhanced density provisions offered by SB 102 or the City's updated regulations. Perfect for apartments, mixed use, student housing and other high density residential development opportunities.
The parcel's strategic location on the North Tamiami Trail places it in close proximity to the vibrant heart of Downtown Sarasota & high-rise hotels, condominiums and apartments along the gateway to St. Armands.
Residents can enjoy the cultural attractions, entertainment venues, and upscale dining options, providing a dynamic urban lifestyle within reach. Being just steps away from SRQ Airport ensures unparalleled convenience for frequent travelers. Whether for business or leisure, residents can enjoy the luxury of reduced travel time and stress, making it an ideal location for jet setters and professionals with frequent travel commitments.
The subject property is well located with excellent frontage along U.S. 41 (North Tamiami Trail) near Ringling Museum, University of South Florida, New College and Ringling School of Art & Design. Neighborhood retail includes a neighborhood Walmart, CVS Drug Store and several popular gas and convenient stores. Located just to the South of the rapidly growing SRQ Airport and busy University Parkway.
With a generous 2.14+ acre parcel, property owners have the luxury of space giving a true definition of value-add. This opens up a myriad of possibilities for development and outdoor amenities. The expansive grounds allow for creativity and customization to create a unique and personalized living environment.
The city's Commercial Corridors and Commercial Centers Attainable Housing Density Bonus Program requires that a minimum of 15% of bonus units above the base density for a development must be designated as attainable, and provided on-site, to households earning 120% of the Area Median Income (AMI) for the North Port-Sarasota-Bradenton Metropolitan Statistical Area (MSA) for a minimum of 30 years.
Daily Traffic Counts of 32,500
+/- 104 Parking Spaces
Approximately 9 miles from I-75
Visit us online at www.AmericanPropertyGroup.com to see all our listings or call (941)923-0535 at your convenience.
The property currently has 77 vested residential units. However, under SB 102 and utilizing the Commercial Corridors and Commercial Centers Attainable Housing Density Bonus Program, the allowable residential units increase significantly to a total of 231 and possible height bonus of up to 2 stories. This prime location is ideally positioned to take full advantage of the enhanced density provisions offered by SB 102 or the City's updated regulations. Perfect for apartments, mixed use, student housing and other high density residential development opportunities.
The parcel's strategic location on the North Tamiami Trail places it in close proximity to the vibrant heart of Downtown Sarasota & high-rise hotels, condominiums and apartments along the gateway to St. Armands.
Residents can enjoy the cultural attractions, entertainment venues, and upscale dining options, providing a dynamic urban lifestyle within reach. Being just steps away from SRQ Airport ensures unparalleled convenience for frequent travelers. Whether for business or leisure, residents can enjoy the luxury of reduced travel time and stress, making it an ideal location for jet setters and professionals with frequent travel commitments.
The subject property is well located with excellent frontage along U.S. 41 (North Tamiami Trail) near Ringling Museum, University of South Florida, New College and Ringling School of Art & Design. Neighborhood retail includes a neighborhood Walmart, CVS Drug Store and several popular gas and convenient stores. Located just to the South of the rapidly growing SRQ Airport and busy University Parkway.
With a generous 2.14+ acre parcel, property owners have the luxury of space giving a true definition of value-add. This opens up a myriad of possibilities for development and outdoor amenities. The expansive grounds allow for creativity and customization to create a unique and personalized living environment.
The city's Commercial Corridors and Commercial Centers Attainable Housing Density Bonus Program requires that a minimum of 15% of bonus units above the base density for a development must be designated as attainable, and provided on-site, to households earning 120% of the Area Median Income (AMI) for the North Port-Sarasota-Bradenton Metropolitan Statistical Area (MSA) for a minimum of 30 years.
Daily Traffic Counts of 32,500
+/- 104 Parking Spaces
Approximately 9 miles from I-75
Visit us online at www.AmericanPropertyGroup.com to see all our listings or call (941)923-0535 at your convenience.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
14,288 SF
Building Class
B
Year Built
1986
Price
$3,850,000
Price Per SF
$269
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
6,971 SF
Building FAR
0.15
Lot Size
2.14 AC
Zoning
NT - The vision for the corridor attempts to transform the image of the North Trail into a true, definable, and marveled place.
Parking
104 Spaces (7.46 Spaces per 1,000 SF Leased)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 2004-15-0052 | Improvements Assessment | $266,900 |
| Land Assessment | $1,285,300 | Total Assessment | $1,552,200 |
PROPERTY TAXES
Parcel Number
2004-15-0052
Land Assessment
$1,285,300
Improvements Assessment
$266,900
Total Assessment
$1,552,200
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