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Residential Land for Sale in Sarasota, Florida

918 Orange Ave, Sarasota, FL 34236

$6,000,000
0.85 acres
Active sale
ago
Est $40,982/mo

Prime Multifamily Development Opportunity in Sarasota's Historic District Exceptional corner lot in the heart of Sarasota's sought-after Historic District, offering an outstanding opportunity for developers and investors. This premier location is just a short walk to vibrant Downtown Sarasota, where you'll find world-class dining, shopping, entertainment, art galleries, and the beautiful Sarasota Bay waterfront. Zoned for multifamily development with the potential for up to 24 residential units, this property is ideal for luxury townhomes, condominiums, or an upscale multifamily community in one of Sarasota's fastest-growing and most desirable neighborhoods. A major advantage is that all utilities are already on site, including water, sewer, electric, and other essential services, helping reduce development costs and streamline the building process. With its high-visibility corner location, walkable lifestyle, and strong demand for new residential housing, this property presents an exceptional investment opportunity with significant upside potential. Highlights: Prime corner lot in Sarasota's Historic District Walking distance to Downtown Sarasota Zoned Multifamily - Up to 24 Units Excellent opportunity for townhomes or condominiums All utilities on site Strong growth area with high demand for new residential development Outstanding investment and redevelopment potential Opportunities like this are increasingly rare. Contact us today for zoning details, site information, and development potential before this exceptional property is gone

Location

Street address
918 Orange Ave
Zip code
34236
Community
Petroutsa Brothers Sub
Elevation
7 feet
Coordinates
27.3258, -82.5381

Directions

From 1000 N Washington Blvd, Sarasota, FL 1.-Head toward 10th St.39 ft 2.-Turn right onto 10th St.0.5 mi 3.-Turn left onto N Orange Ave. Destination will be on the left

Property details

Lot size
0.85 acres37,026 sq ft
Zoning
DTE
MLS #
MFRMLS A4701380
Posted

Property taxes

2025
$3,387

Parcels

  • 2026020035

Legal description

Details and features

Listing

Type
Land

Lot

Features
Buildable

Structure

Water
Public
Sewer
Public Sewer

Property utilities

CategoryTypeStatus
WaterPublicAvailable

Listing history

DateEventPriceChangeSource
Aug 12, 2026New listing$6,000,000MFRMLS
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This 0.85-acre property is located at 918 Orange Ave in Sarasota, FL 34236. The land is available for sale, priced at $6,000,000.

Listed by Compass Florida, (305) 851-2820

Checked 1 hour agoUpdated Source

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