1631 Stickney Point Rd
Sarasota, FL 34231 South Sarasota

The 2.17 acres site offers a rare opportunity on Stickney Point Road near US 41 in Sarasota. RMF-4 zoning allows 38 units, with two
decks of structured parking up to 12 feet each and 85 feet of residential living above for a total building height of 109 feet. Under
Sarasota County Ordinance 2019-004, units of 750 square feet or less count as half a unit, allowing the count to reach as many as 76
subject to county performance criteria. The site offers a chance to deliver a high end condominium in a submarket that has not seen a
luxury delivery in years.

The site sits within the Sarasota County utilities franchise area and is served by a potable water transmission main and collector gravity
sewer main along the south side of Stickney Point Road.The site is completely dry and free of structures, with palm trees and foliage set
mostly along the perimeter. Approximately 0.85 acres fall within flood zone AE, while the remainder sits in flood zone X500.

LOCATION DESCRIPTION - Located on the northeast corner of Highway 72 and Elmwood Avenue, the site sits 620 feet from the waterfront and 3,000 feet from one of the best beaches in the USA, Siesta Key Beach.

Across the street is a waterfront strip of retail, restaurants, and recreational services, including boat, jetski, and kayak rentals. Half a mile away at the intersection of State Road 42 and Highway 72 is a Publix-anchored shopping center. One street over to the east of this shopping center is the emerging Gulf Gate Estates, which offers unique restaurants and vibrant nightlife.

Roughly 5 miles from downtown and 8 miles from St. Armands Circle, this site offers great access to some of Sarasota's most popular attractions. All measurements are approximations based on public and private mapping systems.

MUNICIPALITY - Sarasota

PROPERTY SIZE - 2.17 Acres

ZONING - RMF4