SARASOTA, FL 34236 1565 STATE STREET

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Presented By: RE/MAX ALLIANCE GROUP with 941-954-5454. - 941-954-5454
  • MLS# A4683759
  • 02/23/2026
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • SQFT • 12,626

Home Details

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.
Presented By: RE/MAX ALLIANCE GROUP with 941-954-5454. - 941-954-5454

Interior Features for 1565 STATE STREET

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Total Stories2

General for 1565 STATE STREET

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CitySARASOTA
Construction MaterialsBlock, Brick
CoolingOther
CountySarasota
DirectionsRingling to state street
DockY/NNo
Flood Zone CodeX
Flood Zone Code XY
Legal DescriptionLOTS 16, 18 & 20, BLK 5, PLAT OF SARASOTA
Living Area UnitsSquare Feet
Lot Size Square Feet15750
Lot Size UnitsSquare Feet
MLS Area34236 - Sarasota
New ConstructionNo
Occupancy TypeVacant
OwnershipCorporation
Property ConditionUnder Renovation
Property SubtypeMixed Use
Property TypeCommercial Sale
Standard StatusActive
StatusActive
Subdivision NamePLAT OF SARASOTA EXHIBIT
Tax Annual Amount42149.19
Tax Lot16
Tax Year2025
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1921
ZoningDTC

Exterior for 1565 STATE STREET

Building Area Total13076
Foundation DetailsSlab
Lot Size Acres0.36
Lot Size Area15750
Number of Buildings1
Road Frontage TypeAlley, City Street
Road Surface TypeAsphalt
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Steven Pugh

Broker Associate | Team Leader
Price $5,900,000
MLS#A4683759
List Date 02/23/2026
Property Type Commercial
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