Commercial Sale · Mixed Use
1565 STATE STREET, SARASOTA, FL, 34236
Active163 days on marketListed Feb 24, 2026MLS #A4683759
About this property
The property at a glance
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.
13,076
Building sq ft
$451
Price / sq ft
0.36
Lot acres
1921
Year built
1
Building
DTC
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$30,203/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Zack to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
13,916
Population
$96,400
Median income
66.6
Median age
1.63
Avg household
$917,100
Median home value
$2,010/mo
Median rent
460
Households w/ kids
Recent sales
What actually sold near 1565 STATE STREET
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$16,200
334 S WASHINGTON BOULEVARD
8,694 sqft · $2/sqft · Sold Oct 9, 2025
$2,950,000
735 S BENEVA ROAD
18,588 sqft · $159/sqft · Sold Mar 24, 2026
$1,350,000
4001 SWIFT ROAD
4,660 sqft · $290/sqft · Sold Feb 28, 2025
Your team
The pros in your corner
Your agent
Zack Zonker
President Tampa Division · CENTURY 21 Edge
Tours, offers, and every question about 1565 STATE STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1565 STATE STREET.
See it in person
Schedule a tour
Live availability from Zack's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of RE/MAX ALLIANCE GROUP · Tom Cail, PA. MLS #A4683759.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New SARASOTA listings, in your inbox
A daily digest of every new listing in SARASOTA — straight from the MLS, hours after it goes live. Unsubscribe anytime.