1565 STATE STREET, SARASOTA, FL 34236
PLAT OF SARASOTA EXHIBIT · Sarasota County
Key Facts
Description
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1921
Stories
2
Living Area
13,076 sq ft
Lot Size
0.36 acres
Ownership
Corporation
Zoning
DTC
MLS® Listing#
A4683759
Property Features
Cooling
Construction
Foundation
Financial Details
Annual Taxes
$42,149
Tax year 2025
Parcel Number
2027030104
Directions
Ringling to state street
Affordability Calculator
$1,180,000
Estimated monthly payment
$31,402/mo
Principal $4,720,000 · Est. interest $6,584,820 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in SARASOTA, FL
- $578,029
- Median Listing Price
- 100
- Median Days on Market
- 1,680
- Median Sq Ft
- $325
- Median Price / Sq Ft
- 2,637
- Active Listings
- This home’s price is 921% above the area median.
- Its price per sq ft is 39% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in SARASOTA, FL.
Location
Points of Interest in SARASOTA, FL
Showing the SARASOTA area map.
Nearby Schools
Newtosha Studio
School · 0.4 mi away
Sarasota School of Arts and Sciences
Secondary · 0.5 mi away
Ringling College of Art and Design
Secondary School · 0.5 mi away
Westcoast Center
School · 0.5 mi away
First Presbyterian Preschool
Elementary · 0.7 mi away
Angel's Friend Child Development
School · 0.8 mi away
Achievement Center
School · 1.0 mi away
Sarasota High School
Secondary · 1.0 mi away
Suncoast School
Elementary · 1.1 mi away
Agape Christian School
School · 1.1 mi away
Alta Vista Elementary School
Elementary · 1.5 mi away
Community Day School
School · 1.7 mi away
Tuttle Elementary School
Elementary · 1.8 mi away
Emma E. Booker Elementary School
Elementary · 1.8 mi away
Southside Elementary School
Elementary · 1.9 mi away
Bay Haven School of Basics Plus
Elementary · 2.0 mi away
Booker High School
Secondary · 2.0 mi away
Booker Middle School
Secondary · 2.4 mi away
Sarasota Acceleration Academies
Secondary · 2.5 mi away
Brookside Middle School
Secondary · 2.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 464 GOLDEN GATE POINT 403, SARASOTA, FL | $4,150,000 | 3 | 4 | 3,248 |
| 555 QUAY COMMON 505, SARASOTA, FL | $4,159,000 | 3 | 4 | 4,001 |
| 65 S Palm Avenue 702, Sarasota, FL | $4,165,000 | 3 | 4 | 3,302 |
| 65 S Palm Ave 702, Sarasota, FL | $4,165,000 | 3 | 4 | 3,302 |
| 65 S PALM AVENUE 702, SARASOTA, FL | $4,165,000 | 3 | 4 | 3,302 |
| 476 MEADOW LARK DRIVE, SARASOTA, FL | $4,199,000 | 4 | 4 | 3,336 |
Moving Cost Estimate
EXIT Agents in SARASOTA
Listing Courtesy: RE/MAX ALLIANCE GROUP - 941-954-5454
Last Updated: 2026-02-23