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Active Commercial

1565 STATE STREET

Sarasota, FL 34236

STELLAR #A4683759 Updated: Feb 25, 2026, 8:23am
$5,900,000
0 Beds • 0 Baths • 12,626 SqFt
Property
ActiveCommercial
1/8
$5,900,000

1565 STATE STREET

Sarasota, FL 34236
0
Beds
0
Baths
12,626
SqFt
0.36
Acres
STELLAR
#A4683759
Updated: Feb 25, 2026, 8:23am

Property 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.
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Property Details

Interior
Building Area Total
13076
Cooling
Other
Living Area
12626
Construction
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
BlockBrick
Foundation Details
Slab
Living Area Source
Public Records
Living Area Units
Square Feet
Property Condition
Under Renovation
Stories Total
2
Year Built
1921
Site & Exterior
Flood Zone Code
X
I D X Participation
Yes
Lot Size Acres
0.36
Lot Size Area
15750
Lot Size Square Feet
15750
Lot Size Units
Square Feet
Public Survey Range
18E
Public Survey Section
19
Road Frontage Type
AlleyCity Street
Road Surface Type
Asphalt
Total Acreage
1/4 to less than 1/2
Zoning
DTC
Financials
Calculated List Price By Calculated Sq Ft
451.21
Contract Status Change Date
2026-02-24
Current Price
5900000
Feed Types
BBO
Owner Name
SASSARARA LLC
Ownership
Corporation
Parcel Number
2027030104
Public Survey Township
36S
Tax Annual Amount
42149.19
Tax Block
5
Tax Book Number
A-30
Tax Legal Description
LOTS 16, 18 & 20, BLK 5, PLAT OF SARASOTA
Tax Lot
16
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
M L S Area Major
34236 - Sarasota
Subdivision Name
PLAT OF SARASOTA EXHIBIT
Listing provided courtesy of STELLAR via IDX. Updated: Feb 25, 2026, 8:23am.
Tom Cail, PA

Listing Agent

RE/MAX ALLIANCE GROUP

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