Siesta Sunset

Located on the northeast corner of Highway 72 and Elmwood Avenue, the site sits 620 feet from the waterfront and 3,000 feet from one of the best beaches in the USA, Siesta Key Beach. Across the street is a waterfront strip of retail, restaurants, and recreational services, including boat, jetski, and kayak rentals. Half a mile away at the intersection of State Road 42 and Highway 72 is a Publix-anchored shopping center. One street over to the east of this shopping center is the emerging Gulf Gate Estates, which offers unique restaurants and vibrant nightlife. Roughly 5 miles from downtown and 8 miles from St. Armands Circle, this site offers great access to some of Sarasota's most popular attractions. All measurements are approximations based on public and private mapping systems.Introducing a rare development opportunity on Stickney Point Road near US 41 in Sarasota. The RMF-4 zoning allows for the development of up to 38 units on this 2.167 acre parcel, with two decks of structured parking of up to 12 feet each and 85 feet of residential living above. The site offers 670 feet of frontage on Highway 72, which carries an average annual daily traffic count of 26,000 vehicles. It sits within the Sarasota County utilities franchise area, and while there are no residential, commercial, sewer or water main lines on site, a collector gravity main for sewer is available nearby. The property is completely dry and free of structures, with palm trees and foliage mostly along the perimeter, and approximately 0.85 acres fall within flood zone AE while the remainder sits in flood zone X500.