Listing provided courtesy of RE/MAX ALLIANCE GROUPas Distributed by MLSGrid- MLS# MFRA4683759
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Request Info1565 STATE STREETSARASOTA, FL 34236
Commercial · 12,626 Sq. ft. | 0.36 Acres$5,900,000
Active
1565 STATE STREET Overview
- Time on Site:
- 126 days
- Visits:
- 0
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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1565 STATE STREET Facts & Features
- Type Commercial
- Sq. ft. 12,626
- Price/Sq.ft. $467
- Lot 0.36 Acres
Details
General
Building Information
- New Construction: No
- Year Built: 1921
Location/Region
- Country: US
- County Or Parish: Sarasota
- MLS Area Major: 34236 - Sarasota
- Subdivision Name: PLAT OF SARASOTA EXHIBIT
- Township: 36S
Tax Information
- Tax Annual Amount: 42149.19
- Tax Year: 2025
General Information
- Ownership: Corporation
- Parcel Number: 2027030104
- Property Condition: Under Renovation
- Property Sub Type: Mixed Use
- Property Type: Commercial Sale
- Special Listing Conditions: None
- Zoning: DTC
Interior
Beds/Baths
- Bathrooms Total: 0
Building Interior
- Building Area Source: Public Records
- Building Area Total: 13076
- Building Area Units: Square Feet
General Information
- Cooling: Other
- Foundation Details: Slab
- Living Area: 12626
- Living Area Source: Public Records
- Living Area Units: Square Feet
- Stories Total: 2
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Acres: 0.36
- Lot Size Square Feet: 15750
- Road Surface Type: Asphalt
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Block,Brick
General Information
- Road Frontage Type: Alley,City Street
1565 STATE STREET Neighborhood
Community
34236 (SARASOTA) Demographics
67
Median Age
1,633
Population Density (per sq. mile)
64%
College Educated
$80,761
Estimated Median Income
4,713
Estimated Total Home Owners
2,939
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1565 STATE STREET Monthly Cost
1565 STATE STREET Market Data
Based on the last 30 days in this zip code
$3,322,032
Average List Price
$1,279
Average Price per Square Foot
52
Properties Sold
266
Average Days on Market
584
Properties for Sale
1565 STATE STREET History
| Date | Value | Agent |
|---|---|---|
| 2/24/2026Source: My Florida Regional MLS | February 24, 2026 |