$4,295,000

N SHADE AVENUE, Sarasota, FL 34237

Land
Built in ——
1.25acre lot
—— car garage
$——/sqft
Listed 18 days ago

Property Description

A well located property on the intersection of Fruitville Rd and N Shade Ave. in Sarasota, FL zoned Downtown Edge. 1.25 acres. This versatile site represents an ideal opportunity for mixed use development with frontage on a major arterial. Featuring a well located site with easy access to virbant urban amenities, this property is ideal for a land/multifmaily investor/developer seeking a strong rental income investment or high value condo sales. Additional trade density rights are available through the City's Downtown Attainable Housing Density Bonus Program can provide up to four times the allowable units per this zoning district. Residents can take advantage of the vibrant energy of nearby Downtown Sarasota and the highly regarded arts and culture district, all of which is less than a 5 minute drive away. SRQ International Airport and I-75 are both within 15 minutes from the site. This location is also surrounded by a very diverse culinary scene and upscale shopping experiences including Main Street Shops and St. Armand's Circle. Award winning Gulf Coast beaches and the picturesque Sarasota Bayfront are just minutes away. Highlights -Rare opportunity to purchase vacant land fronting Fruitville Rd -Zoned DTE for diverse development potential -Site is eligible for Downtown Attainable Housing Density Bonus Program providing up to 4x density -Accessible via a traffic lit intersection on Fruitville Rd and Shade Ave -Considerable residential and commercial development planned in immediate vicinity of the Subject Property

Listing Status:: Active
Date Added:: March 10, 2026
Data Last Updated:: March 29, 2026 at 4:23AM
Listing Office:: MICHAEL SAUNDERS & COMPANY : 941-957-3730
Listing Agent:: Valarie Wadsworth : 941-780-3858
MLS ID:: A4684285

Road/Access: City Street
Originating MLS: Stellar MLS
County: Sarasota

Zoning: DTELOTS 13 15 17 19 & 21 FIRST ADD TO FAIRVIEW2028140056
Current Use: Mixed Use

Utilities: Other
Water: Public
Sewer: Public Sewer

Source: Stellar MLS
Ownership: Fee Simple

This listing courtesy of Valarie Wadsworth , MICHAEL SAUNDERS & COMPANY

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Tuttle Elementary School

2863 8th St, Sarasota, FL, 34237

Grades PK-5

0.77 miles away

Suncoast School for Innovative Studies

845 S School Ave, Sarasota, FL, 34237

Grades PK-8

1.10 miles away

Sarasota High School

2155 Bahia Vista St, Sarasota, FL, 34239

Grades 9-12

0.87 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.