IDX

Listed by Sandra Osorio, PA · Courtesy of COMPASS FLORIDA LLC · Agent MLS ID# MFR274502037 · Deemed reliable but not guaranteed. · Listing updated: Oct 12, 2026 · 6:03 PM

900 N ORANGE AVE

Sarasota, Sarasota, FL, 34236

Active

$6,000,000

$877/sqft

23Beds
12Baths
6,838Sq Ft
1972Built
12Days on Market

About this home

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.

Facts & Features

MFRA4707968
$6,000,000
Active
23
12
N/A
N/A
6,838 sqft
0.8500
1972
Residential Income
Duplex
N/A

Community Information

900 N ORANGE AVE
Petroutsa Brothers Sub
Sarasota
Sarasota
FL
34236
No

Amenities

N/A
N/A
No
No
No

Interior

Ceiling Fans(s), Solid Surface Counters, Other
Central
Central Air
Ceramic Tile
N/A
N/A
Disposal, Electric Water Heater

Exterior

Other
Block
Other
Shingle
N/A
N/A

School Information

N/A
N/A
N/A

Additional Information

September 30, 2026
12
DTE
N/A
No

Mortgage Calculator

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This calculator provides estimates for informational purposes only and is not a loan offer, pre-approval, or commitment to lend. Actual rates, payments, and loan terms vary by lender and are subject to credit approval, income/asset verification, and market conditions. Property tax and homeowners insurance shown are estimates and may differ. PMI applies when the down payment is under 20%. For an official Loan Estimate, contact a licensed mortgage lender. COMPASS FLORIDA LLC is a licensed real estate brokerage, not a mortgage lender. Equal Housing Opportunity.

12 days on market

Listing updated: Oct 12, 2026 · 6:03 PM

Listed by: Sandra Osorio, PA · 305-877-4453—COMPASS FLORIDA LLC · 941-279-3630

Updated from Real Estate Market Data

Location

Ahmed ElbatrawyAhmed ElbatrawyEmpire Network Realty

Get in Touch

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