$430,000
$499,000
13.8%For more information regarding the value of a property, please contact us for a free consultation.
6,098 Sqft Lot
SOLD DATE : 03/14/2022
Key Details
Sold Price $430,000
Property Type Vacant Land
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Subdivision Valencia Terrace Rev
MLS Listing ID A4500794
Sold Date 03/14/22
Construction Status Inspections
HOA Y/N No
Annual Tax Amount $1,702
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 60x103
Property Description
Small bungalow on North Trail Zoned lot in Opportunity Zone 2. Adjacent to commercially zoned land along Tamiami Trail on Sarasota's near north side. While it is within the boundaries of the Central - Cocoanut Historic District the underlying zoning gives it potential for redevelopment as multi-family. The parcel immediately to the east is already permitted for 4 units possibly providing a design template. And, the property across the street has been creatively redeveloped using the same North Trail Zoning parameters. It is on a street with significant, historic houses but this one is valued being in the "path of progress" as Sarasota continues to grow north along the US 41 corridor. Nearby developments include the 14th Street roundabout, The Sarasota Bay Club and The Bay Sarasota, a developing city park on 53 acres of city-owned land on Sarasota Bay. The Ringling College of Art and Design is just to the north and the waterfront Centennial Park is just across the street.
Location
State FL
County Sarasota
Community Valencia Terrace Rev
Zoning NT
Exterior
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Available, Public, Sewer Connected, Street Lights, Water Connected
Waterfront false
Building
Lot Description Buildable, Curb and Gutters, City Limits, Level, Near Public Transit, Sidewalk, Street Lights, Paved
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Construction Status Inspections
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Membership Fee Required None
Listing Terms Cash, Conventional
Special Listing Condition None
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