348 DEARBORN STREET

Property Details

Description

UNIQUE LOCATION WITH BOLD EXPOSURE - CENTRALLY LOCATED ON DEARBORN STREET IN THE HEART OF OLD ENGLEWOOD VILLAGE. THIS IS ALMOST A FULL ACRE OF LAND ZONED COMMERCIAL GENERAL WITH MIXED LAND USE, POSITIONED WITHIN THE "MAIN STREET OVERLAY DISTRICT". This specialty zoning modifies some existing zoning standards for the purpose of encouraging property owners to create a more traditional downtown environment. 150 FEET OF FRONTAGE WITH EXISTING PARKING AVAILABLE DIRECTLY ON DEARBORN STREET. Defined access is in place off of Orange Street. Take advantage of the "MIXED USE ALLOWANCE". ENVISIONING OPPORTUNITIES IS A SKILL. IMAGINE ON THIS PROPERTY - BOUTIQUE HOTEL - MICROBREWERY- RESTAURANT WITH ROOF TOP LOUNGE - GARDEN DELI WITH ATRIUM SEATING - RETAIL SPECIALTY SHOPPS WITH LIVING UNITS ABOVE. Dearborn Street is currently home to indoor/ outdoor dining, live music venues, specialty shops, art centers, yoga / exercise studio & coffees shops. This downtown area is host to numerous planned activities: music festivals, culinary events, art shows, Halloween and Christmas activities! One of the largest and well attended FARMERS MARKET takes place on this property and directly across the street at PIONEER PLAZA and BANDSHELL during seasonal months - October through May. This natural overflow will guarantee your maximum visibility and appeal for this location, attracting locals and visitors alike looking for new and exciting experiences. THERE IS NO DUPLICATING THIS PROPERTY WITH THE NATURAL BEAUTY AND EXCEPTIONAL LOCATION. LEAD WITH VISION-AQUIRE ALL THE FUTURE POTENTIAL AND LONG TERM SUCESS WITH THIS EXTRAORDINARY PROPERTY. CALL FOR MORE INFORMATION AND A WALKING TOUR. AND MARKED IN A X FLOOD ZONE. These are two separate parcels, being sold together at listed price.

Facts & Costs

Property type

Land

Current use

Commercial

Lot dimensions

150 X 282

Price per acre

$2,031,250

Road frontage

Business District

Road surface

Asphalt, Concrete

Lot size

0.96 acres

Days on market

554

Waterfront

No

Community

Lampps Sub

County

Sarasota

Flood zone

X

Monthly & yearly costs

Property taxes

$6,863 / year (2024)

As reported by the listing agent. Verify with the HOA and county.

Utilities & lot

Utilities

BB/HS Internet Available, Electricity Available, Sewer Available, Water Available

Sewer

Public Sewer

Water

Public

Lot features

Buildable, Central Business District, Curb and Gutters, Historic District, Landscaped, Oversized Lot, Sidewalk

Payment Estimate

$10,432 / month

Principal & interest

$9,860

Property taxes

$572

HOA

$0

Home insurance

enter below

Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.

Location