$5.90M
1565 State Street
Sarasota, FL 34236
Listing updated: February 25, 2026 at 1:31 AM ET
Listing courtesy of Re/Max Alliance Group · Tom Cail, PA · MLS #A4683759 · Active · 941-954-5454Property type
Year built
Building size
Lot size
Price / SF
Zoning
Days on market
Lease terms
- Occupancy
- Vacant
About this property
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.
Virtual tour
Facts & features
- Property type
- Commercial Sale
- Sub type
- Mixed Use
- Status
- Active
- Days on market
- 0
- Subdivision
- Plat Of Sarasota Exhibit
- County
- Sarasota
- Year built
- 1921
- Building area
- 13,076 sq ft
- Price/sq ft
- $451.21
- Lot size
- 15,750 sq ft
- Buildings
- 1
- Stories
- 2
- Ceiling height
- Varied
- Road frontage
- Alley, City Street
- Annual taxes
- $42K (2025)
- Parcel #
- 2027030104
- Zoning
- DTC
- MLS #
- A4683759
Listing details
- Listing date
- 2026-02-23
- On market date
- 2026-02-24
- MLS area
- 34236 - Sarasota
- Status changed
- 2026-02-24
- Tax legal description
- LOTS 16, 18 & 20, BLK 5, PLAT OF SARASOTA
Location
Directions
Ringling to state street
Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of February 25, 2026 at 1:31 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA