100 photos $5,995,000
0 ba 6,110 sqft
9022 Midnight Pass Rd
Sarasota, FL 34242 · Coral Shores
Courtesy of DREAMIFY REAL ESTATE LLC
$5,900,000
1565 State StSarasota, FL 34236
- 0 beds
- 0 baths
- 12,626 sqft
- 0.36 acres
- 254 days on market
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About this home
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.
Facts
- Property type
- Mixed Use
- Year built
- 1921
- Stories
- 2
- Lot size
- 0.36 acres
- Waterfront
- No
- Subdivision
- PLAT OF SARASOTA EXHIBIT
- County
- Sarasota
- Annual taxes
- $42,149 (2025)
- Flood zone
- X
- New construction
- No
- MLS #
- A4683759
Features
- Construction
- Block, Brick
Location
Listing courtesy of RE/MAX ALLIANCE GROUP.
MLS # A4683759.
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Listing information is provided by Participants of the Stellar MLS. 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. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS. Last updated: 2026-11-04 1:00 PM EST.