900 N ORANGE AVENUE,Sarasota,Sarasota,FL, 34236, Residential Income, 23, 12, c7fe83f32d7016e9aa42dde1dc267498, A4707968,900 or ORANGE

$6,000,000
900 N ORANGE AVENUE, Sarasota, PETROUTSA BROTHERS SUB
Active

Overview

  • Updated On:
  • October 12, 2026
  • 23 Bedrooms
  • 6,838 ft2

Description

PRIME MULTIFAMILY DEVELOPMENT OPPORTUNITY IN SARASOTA’S HISTORIC DISTRICT | RESTORATION ZONE Discover a rare multifamily development opportunity in Downtown Sarasota’s Historic District, ideally positioned on a highly visible corner lot within a designated Sarasota Restoration Zone. Located just minutes from the heart of Downtown Sarasota, this property offers developers, builders, and investors the opportunity to create new construction condominiums, luxury townhomes, or a boutique multifamily residential development in one of Sarasota’s most sought-after and rapidly evolving areas. Zoned for multifamily development with potential for up to 24 residential units, this site offers exceptional flexibility for a variety of residential development concepts. The property is particularly well suited for condos, luxury townhomes, multifamily residences, or an upscale urban residential community designed to take advantage of Sarasota’s continued growth and strong demand for new housing. One of the property’s major advantages is that utilities are already on site, including water, sewer, electric, and other essential services, potentially helping reduce infrastructure costs and simplify the development process. The location provides an exceptional walkable Downtown Sarasota lifestyle, with convenient access to restaurants, cafés, shopping, entertainment, cultural attractions, art galleries, theaters, Sarasota Bay, and the vibrant downtown district. Sarasota continues to experience significant residential growth, with new construction and redevelopment transforming the surrounding area and creating increased demand for well-located multifamily housing. PROPERTY HIGHLIGHTS: Prime corner lot in Sarasota’s Historic District Located within a Sarasota Restoration Zone, Multifamily zoning, Potential for up to 24 residential units, Ideal for condominium development or luxury townhomes, Excellent opportunity for multifamily redevelopment, Water, sewer, electric and utilities already on site, Walkable to Downtown Sarasota, Close to restaurants, shopping, entertainment, arts and Sarasota Bay, Surrounded by ongoing new construction and redevelopment, Strong demand for new residential housing, High-visibility corner location, Excellent opportunity for developers, builders and investors, Potential for significant redevelopment and investment upside A rare Sarasota development opportunity in a highly desirable location. With multifamily zoning, Restoration Zone designation, utilities already on site, and the ability to potentially develop up to 24 residential units, this property offers a compelling opportunity to participate in the continued transformation and growth of Downtown Sarasota and the surrounding Historic District. Contact us today for zoning information, development details, site information, and to explore the potential of this exceptional Sarasota multifamily development site.

Address: 900 N ORANGE AVENUE
City:
State/County:
Zip: 34236
Country: United States

Property Id: 100678942
Price: $6,000,000
Property Size: 6,838 ft2
Property Lot Size: 1 ft2
Bedrooms: 23
Building Area Total: 13400
Community Features: Sidewalks
Construction Materials: Block
Contract Status Change Date: 2026-09-30
Cooling: Central Air
Covered Spaces: 3
Cumulative Days On Market: 12
Days On Market: 12
Directions: From Fruitville : 1.-North on Orange Ave, 2.-On right at corner of Orange Ave, and 9th Street.
Flooring: Ceramic Tile
FoundationDetails: Other
Furnished: Negotiable
GarageSpaces: 3
Heating: Central
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
InternetEntireListingDisplayYN: 1
LaundryFeatures: Other
Levels: Two
ListAOR: Sarasota - Manatee
ListAgentAOR: Sarasota - Manatee
ListAgentEmail: sandra.osorio@compass.com
ListAgentFullName: Sandra Osorio, PA
ListAgentKey: 4373f2e679008eb7f49fb15ff206f620
ListAgentMlsId: 274502037
ListAgentPreferredPhone: 305-877-4453
ListOfficeKey: caaafdce14e2427189353e5b5faa76f5
ListOfficeMlsId: 274501900
ListOfficeName: COMPASS FLORIDA LLC
ListOfficePhone: 941-279-3630
ListingContractDate: 2026-09-30
ListingId: A4707968
ListingKeyNumeric: 812770677
ListingTerms: Cash, Conventional
LivingAreaSource: Public Records
LivingAreaUnits: Square Feet
LotSizeArea: 36800
LotSizeDimensions: 183 x 201
LotSizeSquareFeet: 36800
LotSizeUnits: Square Feet
MLSAreaMajor: 34236 - Sarasota
MlsStatus: Active
ModificationTimestamp: 2026-10-12T18:02:22.327Z
NumberOfBuildings: 2
OnMarketDate: 2026-09-30
OriginalEntryTimestamp: 2026-09-30T16:49:03.520Z
OriginalListPrice: 6000000
OriginatingSystemKey: stellar
OriginatingSystemName: Stellar MLS
Ownership: Fee Simple
ParcelNumber: 2026020048
ParkingFeatures: Other
PhotosChangeTimestamp: 2026-10-12T15:33:08.877Z
PhotosCount: 22
PostalCodePlus4: 4179
PropertyCondition: Completed
RoadSurfaceType: Asphalt
Roof: Shingle
STELLAR_AlternateKeyFolioNum: 2026020048
STELLAR_AnnualNetIncome: 346800
STELLAR_CalculatedListPriceByCalculatedSqFt: 877.45
STELLAR_CensusTract: 1.02
STELLAR_CreateAutomaticVirtualTourYN: 1
STELLAR_CurrentPrice: 6000000
STELLAR_DPRURL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4707968?w=Agent&skip_sso=true
STELLAR_DPRURL2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4707968?w=Customer
STELLAR_FloodZoneCode: X
STELLAR_FloodZoneDate: 2024-03-27
STELLAR_FloodZonePanel: 12115C0131G
STELLAR_GarageDimensions: 25x14
STELLAR_ListOfficeContactPreferred: 941-279-3630
STELLAR_ListOfficeHeadOfficeKeyNumeric: 169647934
STELLAR_ListSource: MATRIX
STELLAR_ListSourceOriginal: MATRIX
STELLAR_MlsMajorChangeType: New Listing
STELLAR_OfficeIDXOfficeParticipationYN: 1
STELLAR_OfficeSyndicateTo: Apartments.com, International MLS, Realtor.com, Zillow Rental, SkySlope Offers, Crexi
Sewer: Public Sewer
SourceSystemKey: 812770677
SpecialListingConditions: None
StateOrProvince: FL
StatusChangeTimestamp: 2026-09-30T16:49:03.520Z
StreetDirPrefix: N
StreetName: ORANGE
StreetNumber: 900
StreetNumberNumeric: 900
StreetSuffix: AVENUE
TaxAnnualAmount: 14171
TaxBlock: B
TaxBookNumber: 1-18
TaxLegalDescription: LOTS 3 & 4 BLK B PETROUTSA BROTHERS SUB
TaxLot: 3
TaxYear: 2025
Utilities: Electricity Connected, Sewer Connected, Water Connected
WaterSource: Public
YearBuilt: 1972
Zoning: DTE

Outdoor Details
Garage Attached
Other Features
Ceiling Fan(s)
Disposal
Electric Water Heater
Has Cooling System
Has Garage
Has Heating System
Other
Solid Surface Counters

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

$30,763.19
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 23,263.19

Contact Me

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