2015 Fruitville Rd, Sarasota, FL 34237 For Sale

This ±2.08-acre (90,522 SF) assemblage of 12 contiguous parcels is strategically located along Fruitville Road, just east of the signalized intersection with Washington Boulevard (US-301), one of Sarasota’s most active and recognizable corridors. Serving as a primary gateway into downtown and a major connector between north-south and east-west traffic flows, the site provides immediate access to Downtown Sarasota, excellent regional connectivity via US-301 and I-75, and proximity to major corridors including US-41, University Parkway, and Fruitville Road. The location offers exceptional visibility, high traffic counts, and prime frontage for mixed-use development.

The property is zoned Downtown Edge (DTE), supporting higher-density, pedestrian-oriented redevelopment adjacent to the urban core. The base density allows 25 units per acre, with the potential to increase to 100 units per acre through affordable housing incentives. Under SB 102, the site has the rare opportunity for up to 200 units per acre and a 16-story building by right, enabling high-density, iconic development without requiring city approval. Permitted uses include multifamily residential, retail, restaurant, office, hospitality, and other vertically integrated mixed-use concepts, offering flexibility for a variety of development strategies.

The property is also located within a federally designated Opportunity Zone established under the Tax Cuts and Jobs Act, which may provide investors with potential tax advantages including capital gains deferral and tax-efficient long-term appreciation depending on investment structure and timing. For a 2.08-acre redevelopment site, this designation can help attract Opportunity Zone and tax-advantaged capital, providing an additional financial incentive that complements the property’s strong underlying development fundamentals.

Surrounded by significant redevelopment activity, this assemblage benefits from strong market momentum. Immediately to the south, The Park District is an 8-acre mixed-use project featuring 1,400 residential units, hotel, office, retail, and restaurants. One block southwest, the Aster & Links project offers 420 luxury apartments, retail, an 11-auditorium theater, and a Sprouts Grocery Store. The area also provides close proximity to Ringling College of Art & Design, St. Armands, Siesta Key, Lido Key, and Longboat Key, along with abundant shopping, dining, and entertainment options.

This site represents an exceptional opportunity for an iconic development in downtown Sarasota, ideal for residential apartments, condominiums, or a mixed-use project integrating retail and office. With its combination of strategic location, high-density zoning, SB 102 benefits, and proximity to major redevelopment projects, this property offers rare scale, visibility, and potential to make a transformative impact in the heart of Sarasota.