Listing IDD6124334
Price$3,700,000
StatusActive
SqFt 2,100
Acres 0.780
CountySarasota
SubdivisionPos Sub
Year Built1925
Property TypeCommercial Sale
Property Sub TypeBusiness
Exciting opportunity to invest in the ROSEMARY RESIDENTIAL OVERLAY DISTRICT! This historical complex, built in 1925 is located within minutes from Sarasota Bay, in a rapidly developing area of luxury apartments and condominiums. The area is designated to encourage more individuals to permanently reside within the boundaries of the RROD in order to enhance the economic vitality of the Rosemary neighborhood and downtown. Zoning is DTE. Per City of Sarasota, the base density within the RROD is 40 dwelling units per acre. It is the further intent of these regulations that applications for approval of a building permit or site plan for new development can be increased to a density of up to 100 dwelling units per acre, development compliance to be applicable, to the density and scale of the surrounding community. Current use of this unique and charming 4 building complex is as a wellness center, and there are currently 13 tenants enjoying the pulse and vitality, and in-town dynamics that the complex has to offer.
Listing information courtesy of Re/max Alliance Group.

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