About This Home

This 0-bedroom, 0-bathroom commercial at 1565 STATE Street in Sarasota, FL is listed for $5,900,000 ($467 per sqft). Built in 1921, the home offers 12,626 sqft of living space on a 0.36 acres lot.

Key Features

  • Built in 1921
  • 0.36 acre lot
  • 2 stories

Property Details

2 stories
1921
Listing Description

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.

Monthly Cost Estimate

$31,554/mo

20% down · 6.5% · 30 years

Principal$4,267
Interest$25,567
Insurance$1,721

Estimates only. Actual payments may vary.

Location

1565 STATE Street

Sarasota, FL 34236

PLAT OF SARASOTA EXHIBIT

Property Details

Construction

Block Brick

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1565 STATE Street is listed at $5,900,000 ($467/sqft). The estimated monthly payment is $31,555 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1921, 0.36 acre lot, 2 stories.

This property is listed by Tom Cail, PA.

TP

Tom Cail, PA

Agent at RE/MAX Alliance Group

Listed by RE/MAX Alliance Group · Broker phone: (941) 954-5454 · View on Broker Site · Broker website

MLS# A4683759· Source: Stellar MLS· 247 days on PropertySimple

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1565 STATE Street, Sarasota, FL 34236

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