Overview
Description
Prime Multifamily Development Opportunity in Sarasota’s Historic District
Exceptional corner lot in the heart of Sarasota’s sought-after Historic District, offering an outstanding opportunity for developers and investors. This premier location is just a short walk to vibrant Downtown Sarasota, where you’ll find world-class dining, shopping, entertainment, art galleries, and the beautiful Sarasota Bay waterfront.
Zoned for multifamily development with the potential for up to 24 residential units, this property is ideal for luxury townhomes, condominiums, or an upscale multifamily community in one of Sarasota’s fastest-growing and most desirable neighborhoods.
A major advantage is that all utilities are already on site, including water, sewer, electric, and other essential services, helping reduce development costs and streamline the building process.
With its high-visibility corner location, walkable lifestyle, and strong demand for new residential housing, this property presents an exceptional investment opportunity with significant upside potential.
Highlights:
Prime corner lot in Sarasota’s Historic District
Walking distance to Downtown Sarasota
Zoned Multifamily – Up to 24 Units
Excellent opportunity for townhomes or condominiums
All utilities on site
Strong growth area with high demand for new residential development
Outstanding investment and redevelopment potential
Opportunities like this are increasingly rare. Contact us today for zoning details, site information, and development potential before this exceptional property is gone
Address
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Address: ORANGE
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City: SARASOTA
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State/county: Sarasota
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Zip/Postal Code: 34236
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Area: PETROUTSA BROTHERS SUB
Details
Updated on August 30, 2026 at 11:03 am-
Property ID A4701380
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Price $6,000,000
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Land Area 0.85 Square Feet
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Property Status Land
Additional details
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ContractStatusChangeDate 2026-08-12
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CumulativeDaysOnMarket 16
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CurrentUse Residential
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DaysOnMarket 16
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DirectionFaces West
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Directions From 1000 N Washington Blvd, Sarasota, FL 1.-Head toward 10th St.39 ft 2.-Turn right onto 10th St.0.5 mi 3.-Turn left onto N Orange Ave. Destination will be on the left
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InternetAddressDisplayYN 1
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InternetEntireListingDisplayYN 1
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ListAOR Sarasota - Manatee
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ListAgentAOR Sarasota - Manatee
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ListAgentEmail sandra.osorio@compass.com
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ListAgentFullName Sandra Osorio, PA
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ListAgentKey 4373f2e679008eb7f49fb15ff206f620
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ListAgentMlsId 274502037
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ListAgentPreferredPhone 305-877-4453
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ListOfficeKey caaafdce14e2427189353e5b5faa76f5
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ListOfficeMlsId 274501900
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ListOfficeName COMPASS FLORIDA LLC
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ListOfficePhone 941-279-3630
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ListingContractDate 2026-08-12
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ListingTerms Cash, Conventional
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LotFeatures Buildable
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LotSizeArea 37026
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LotSizeDimensions 183 x 201
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LotSizeSquareFeet 37026
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MLSAreaMajor 34236 - Sarasota
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MlsStatus Active
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ModificationTimestamp 2026-08-28T16:40:07.177Z
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OnMarketDate 2026-08-12
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OriginalEntryTimestamp 2026-08-12T16:33:32.693Z
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OriginalListPrice 6000000
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OriginatingSystemKey stellar
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OriginatingSystemName Stellar MLS
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Ownership Fee Simple
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ParcelNumber 2026020035
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PhotosChangeTimestamp 2026-08-12T19:04:45.954Z
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PhotosCount 21
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RoadSurfaceType Paved
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Sewer Public Sewer
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SourceSystemKey 801255312
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SpecialListingConditions None
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StateOrProvince FL
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StatusChangeTimestamp 2026-08-12T16:33:32.693Z
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StreetName ORANGE
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StreetNumber 918
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StreetNumberNumeric 918
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StreetSuffix AVENUE
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TaxAnnualAmount 3387
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TaxBlock B
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TaxBookNumber 1-18
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TaxLegalDescription LOT 2 BLK B PETROUTSA BROTHERS SUB
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TaxLot 2
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TaxYear 2025
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Utilities Electricity Available, Natural Gas Available, Sewer Available, Water Available
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WaterSource Public
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Zoning DTE
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