2044 Fruitville Rd & 223 Wallace Ave

Strategically located at the corner of Fruitville Road and Wallace Avenue, just east of the US-301 corridor, this property benefits from exceptional visibility and accessibility within Sarasota’s urban core. Fruitville Road serves as one of Sarasota’s primary east-west thoroughfares, connecting Interstate 75 directly to Downtown Sarasota and the city’s waterfront district while carrying traffic counts exceeding 35,000 vehicles per day.Exceptional redevelopment opportunity positioned at the corner of Fruitville Road and Wallace Avenue, just east of the US-301 corridor and minutes to Downtown Sarasota. The property consists of approximately 0.21 acres (9,137± SF) and offers a high-visibility corner location along one of Sarasota’s primary east-west corridors with traffic counts exceeding 35,000 vehicles per day. The site is currently improved with four (4) rental units that may provide potential interim holding income while a developer advances future redevelopment plans and entitlements. The property is zoned DTC (Downtown Core), Sarasota’s premier high-intensity mixed-use zoning district, allowing for a broad range of redevelopment opportunities including multifamily, mixed-use, office, and retail, with potential interim income-producing capability prior to redevelopment. The site allows for residential density up to 50 units per acre, with bonus density potential of up to 200 units per acre through the downtown attainable housing density bonus.