For Sale
$385,000
905 Royal Palm Drive
SARASOTA,
FL 34234
Prime Multi-Family Development Opportunity in Sarasota!
Seize this rare chance to develop a high-demand, income-producing property in one of Sarasota’s fastest-growing corridors. Located in the up-and-coming North Sarasota corridor, this 115-foot frontage
Lot is zoned RMF2 - build duplex(s), triplex, fourplex, single family home, one building or a mix. Even live in one unit and rent out the rest. Buyer to do due diligence for property development, utilities, and lot dimensions. — perfect for investors looking to capitalize on Sarasota’s 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 Sarasota’s 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.
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Listings courtesy of My Florida Regional MLS DBA Stellar MLS as distributed by MLS GRID. Listing Office: COLDWELL BANKER REALTY , 941-366-8070
Listings courtesy of My Florida Regional MLS DBA Stellar MLS as distributed by MLS GRID.
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