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
Property Details
- Lot Features
- Buildable
- Lot Description
- Buildable
- Acres
- 0.85
- Property Type
- Purchase
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Electricity Available, Natural Gas Available, Sewer Available, Water Available
- Subdivision
- PETROUTSA BROTHERS SUB
- County
- Sarasota
- Region
- SARASOTA
- Zoning
- DTE
- Original List Price
- $6,000,000
- Days on Market (Cumulative)
- 28
- Taxes Annual
- $3,387
- Ownership
- Fee Simple
- MLS #
- A4701380
- Property Subtype
- Land
- Parcel Number
- 2026020035
- MLS #
- A4701380
- Date Listed
- August 12, 2026
- Address
- 918 ORANGE AVENUE
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: George Fleischmann | AveNew Realty
Provided By
Listed by Sandra Osorio, PA (#MFR274502037)
Listing Office: COMPASS FLORIDA LLC (#MFR274501900)
