905 Royal Palm Drive, SARASOTA, FL 34234
- MLS#: A4646446 ( Land )
- Street Address: 905 Royal Palm Drive
- Viewed: 2
- Price: $385,000
- Price sqft: $0
- Waterfront: No
- Year Built: Not Available
- Bldg sqft: 0
- Days On Market: 5
- Additional Information
- Geolocation: 27.3761 / -82.5525
- County: SARASOTA
- City: SARASOTA
- Zipcode: 34234
- Subdivision: Wildwood Pines
- Provided by: COLDWELL BANKER REALTY
- Contact: Jerry Holston, Jr
- 941-366-8070
- DMCA Notice
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DescriptionPrime Multi Family Development Opportunity in Sarasota! Seize this rare chance to develop a high demand, income producing property in one of Sarasotas fastest growing corridors. Located in the up and coming North Sarasota corridor, this 115 foot frontage lot is zoned RMF 2, allowing for a 10 unit multi family development, with the potential to expand to 14 unitsperfect for investors looking to capitalize on Sarasotas booming rental market. This property is ideally situated just minutes from SRQ Airport, The Ringling School of Art, local theaters, entertainment, downtown Sarasota, and the waterfront. High rental demand, proximity to employment hubs, shopping, dining, and public transit make this a strategic investment in a rapidly growing area. The level lot offers strong development potential, with opportunities for appraisals, surveys, and cost analysis for site preparation. The seller is also offering up to $5,000 towards closing costs, making this an even more attractive opportunity. With Sarasotas increasing need for multi family housing, this is a prime investment opportunity to develop, lease, and generate long term returns. Contact us today to explore development possibilities and secure this exceptional property.