701 Cohen Way
Sarasota, FL 34236 Downtown Sarasota

$2,899,000 USD

Land For Sale • 0.31 AC

Property Details

Property Type Land
Lot Size 0.31 AC
Zoning DTE

47 Transit Score

94 Walk Score

Description

This permit-ready development opportunity in Sarasota features six luxurious three-story townhomes, each offering over 2,800 sq. ft. of contemporary living space with 4 bedrooms, 3 full baths, 2 half baths, private pools, guest houses, expansive terraces, outdoor kitchens, and two-car garages. Located in Flood Zone X just steps from The Bay Sarasota waterfront park and surrounded by 65 restaurants, the site is minutes from downtown, St. Armands, and Lido Beach. With projected sales exceeding $16 million and a profit potential of $4.4 million (Pro Forma available), this project is designed to meet strong demand for Rosemary District properties and can be completed within 18 months of groundbreaking. Optional builder retention and possible owner financing offers a streamlined path to delivery. Reach out to Frank Lambert, 9419201500.

                
                    Highlights
                
                                Permit-ready site with construction start possible in just 60 days
                            
                                Six luxury three-story townhomes with private pools, guest houses, and expansive outdoor living spaces
                            
                                Each residence offers 4 beds, 3 full baths, 2 half baths, and over 2,800 sq. ft. of contemporary design
                            
                                Located in Flood Zone X, steps from The Bay Sarasota and minutes to downtown, beaches, and arts district
                            
                                Optional builder retention and possible owner financing for streamlined construction and delivery within 18 months