$5,900,000
1565 State Street
Sarasota, FL 34236
Listing updated: February 25, 2026 at 1:31 AM ET
Listing courtesy of Re/Max Alliance Group · Tom Cail, PA · MLS #A4683759 · Active · 941-954-5454Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Large parcel in the heart of dowtown, with 15 on site parking paces (incredibly rare) and a city parking garage directly across the street. The 13,000 SF building has been gutted and is ready to be finished off or re developed. Zoning is DTC (Downtown Core) allowing 10 stories at 50 units per acre or 18 residential units. Density Bonus: The City of Sarasota, to encourage Attainable Housing, has created an Attainable Housing Density Bonus” AHDB” entitlement option for DTC, DTB and DTE zoned properties. The AHDB offers up to 4-times the entitled residential density provided 15% of the “bonus” units are “attainable”. Base residential density for the subject is 18-units; under the AHDB the subject is entitled to 72-units provided 8-units “attainable” and 64 may be market rate. “Attainable” is defined that rent or sales price does not exceed 30% of the AMI (area medium income). Currently AMI for the City of Sarasota is approximately $80,000 per year.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history0 days on market
- Status: ActiveFeb 24, 2026
- Listed$5,900,000Feb 24, 2026
- Price increased$5,900,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Mixed Use
- Status
- Active
- Days on market
- 0
- Subdivision
- Plat Of Sarasota Exhibit
- County
- Sarasota
- Year built
- 1921
- Living area
- 12,626 sq ft
- Price/sq ft
- $451
- Building area
- 13,076 sq ft (Public Records)
- Lot size
- 15,750 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X (12115C0133G)
- Annual taxes
- $42,149 (2025)
- Parcel #
- 2027030104
- Zoning
- DTC
- MLS #
- A4683759
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Heating & Cooling
- Cooling
- Other
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Ownership
- Corporation
Exterior & Construction
- Construction materials
- Block, Brick
- Foundation
- Slab
- Road surface
- Asphalt
Listing Details
- Listing date
- 2026-02-23
- On market date
- 2026-02-24
- Original list price
- $5,900,000
- Occupant type
- Vacant
- MLS area
- 34236 - Sarasota
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-02-24
- Tax legal description
- LOTS 16, 18 & 20, BLK 5, PLAT OF SARASOTA
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Ringling to state street
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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Based on information submitted to the MLS GRID as of February 25, 2026 at 1:31 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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