To schedule a showing of 1565 State Street, Sarasota, Florida, Call David Shippey at 863-521-4517 TODAY!
$5,900,000 | N/A beds | N/A full baths | N/A half baths | 12,626 sqft
Sarasota, FL 34236
- N/ABeds
- 0.00Total Baths
- 0 Full, 0 HalfBaths
- 12,626SqFt
- 1921Year Built
- 0.36Acres
- MLS# A4683759
- Commercial
- MixedUse
- Active
- Approx Time on Market4 months, 19 days
- Area34236 - Sarasota
- CountySarasota
- Subdivision Plat of Sarasota Exhibit
Overview
Large parcel in the heart of dowtown, with 15 on site parking paces (incredibly rare) and a city parking garage directly across the street.The 13,000 SF building has been gutted and is ready to be finished off or re developed. Zoning is DTC (Downtown Core) allowing 10 stories at 50 units per acre or 18 residential units. Density Bonus: The City of Sarasota, to encourage Attainable Housing, has created an Attainable Housing Density Bonus AHDB entitlement option for DTC, DTB and DTE zoned properties. The AHDB offers up to 4-times the entitled residential density provided 15% of the bonus units are attainable. Base residential density for the subject is 18-units; under the AHDB the subject is entitled to 72-units provided 8-units attainable and 64 may be market rate. Attainable is defined that rent or sales price does not exceed 30% of the AMI (area medium income). Currently AMI for the City of Sarasota is approximately $80,000 per year.
Agriculture / Farm
Association Fees / Info
Bathroom Info
Building Info
Building Area Source: PublicRecords
Business Info
Buyer Compensation
Exterior Features
Financial
Original Price: $5,900,000
Garage / Parking
Green / Env Info
Interior Features
Lot Info
Direction Remarks: Ringling to state street
Lot Size Units: Acres
Lot Size Acres: 0.36
Lot Sqft: 15,750
Road Frontage Type: Alley, CityStreet
Other
Special Conditions: None
Other Rooms Info
Property Info
Section: 19
Class Type: MixedUse
Property Sub Type: MixedUse
Property Condition: UnderRenovation
Construction Materials: Brick, Block
Total Stories: 2
Foundation: Slab
Human Modified: Yes
Sqft Info
Sqft: 12,626
Bulding Area Sqft: 13,076
Living Area Units: SquareFeet
Living Area Source: PublicRecords
Tax Info
Tax Year: 2,025
Tax Lot: 16
Tax Legal Description: LOTS 16, 18 & 20, BLK 5, PLAT OF SARASOTA
Tax Block: 5
Tax Annual Amount: 42149.19
Tax Book Number: A-30
Unit Info
Utilities / Hvac
Cool System: Other
Waterfront / Water
Directions
Ringling to state streetThis listing courtesy of Re/max Alliance Group
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MLS IDX data last updated on 07-14-2026 2:00 AM EST.
If you have any questions on 1565 State Street, Sarasota, Florida, please call David Shippey at 863-521-4517.
MLS# A4683759 located at 1565 State Street, Sarasota, Florida is brought to you by David Shippey REALTOR®
1565 State Street, Sarasota, Florida has , 0 Full Bath, and 0 Half Bath.
The MLS Number for 1565 State Street, Sarasota, Florida is A4683759.
The price for 1565 State Street, Sarasota, Florida is $5,900,000.
The status of 1565 State Street, Sarasota, Florida is Active.
The subdivision of 1565 State Street, Sarasota, Florida is Plat of Sarasota Exhibit.
The home located at 1565 State Street, Sarasota, Florida was built in 2026.