# 1565 STATE STREET, SARASOTA, FL 34236

> **TL;DR:** commercial, $5,900,000 ($467/sqft), built 1921, 12,626 sqft. Est. $25,567/mo. Listed 46 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $5,900,000 |
| Price/sqft | $467 |
| Square Feet | 12,626 |
| Year Built | 1921 |
| Lot Size | 15,682 sqft (0.36 acres) |
| Property Type | Commercial (Mixed Use) |
| Status | For Sale |
| Days on Market | 46 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $25,567 |
| **Total** | **$25,567** |

## Property Highlights

- Built in 1921
- 0.36 acre lot

## Description

### Agent 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.

## Location

- **Address:** 1565 STATE STREET, SARASOTA, FL 34236
- **County:** Sarasota
- **Neighborhood:** PLAT OF SARASOTA EXHIBIT
- **Coordinates:** 27.335875, -82.539266
- **Google Maps:** https://www.google.com/maps?q=27.335875,-82.539266

## Listing Agent

- **Name:** Tom Cail, PA
- **Brokerage:** RE/MAX ALLIANCE GROUP
- **Phone:** 9417802245
- **Email:** tom@cailgrande.com

## Primary Photo

![1565 STATE STREET - Primary Photo](http://lh.rdcpix.com/09506fd0252b602a92849f85de5f33f1l-f3291757623r.jpg)

*8 total photos available on [listing page](https://www.propertysimple.com/listing/1565-state-street-sarasota-fl-34236-a4683759)*

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**MLS#:** A4683759 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/1565-state-street-sarasota-fl-34236-a4683759)

---

## Structured Data

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  "name": "1565 STATE STREET, SARASOTA, FL 34236",
  "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.\r\nThe 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 pr",
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```