830 Central Ave Local commercial 195 m² 100 % Loué À vendre Sarasota, FL 34236 1 715 141 € (8 791,25 €/m²) Taux de capitalisation 6,07 %

Investment Highlights
Rosemary Ranch & Village is one-of-a-kind property in the dynamic
Rosemary District and an amazing opportunity in downtown
Sarasota. With its historic charm, urban energy and proximity to
beautiful Sarasota Bay, the rapidly developing Rosemary District has
become a sought-after downtown neighborhood, with hundreds of
new luxury apartments and condominiums, trendy restaurants and
boutiques, nonprofits and art galleries.
In Rosemary Square and adjacent to Downtown Sarasota & the
Bayfront sits Rosemary Ranch & Village, a vision of four buildings
which are all on the local historic register and the surrounding
courtyard gardens which also include a large parking lot. The
property is currently home to 10+ units, and the buildings and
gardens have been consistently maintained by its current owner. A
private tropical oasis situated in a downtown area that is being
gentrified and renovated with new and luxury properties all around
this asset.
Rosemary Ranch & Village is zoned DTE in the Downtown Overlay
district (Downtown Edge - zoning overview included in full OM) with
the Rosemary Overlay District Zoning, which includes mixed-uses
and increased density. The owner is retiring; new owners can
continue operating it as an investment property as there is true
upside available and there are some additional interesting and
unique options that are possible moving forward, which are detailed
in the following information and future discussions.
These are the current structures on the property.
(Rosemary Ranch & Village Buildings)
The Fisher House (830)
The Fisher Annex (820)
The Burket House (810)
The Mason House (800)
Included in this offering memorandum are some details on being on
the local historical registry and highlighting the structures and
addresses of the these properties on the local registry.
The city of Sarasota may be interested in working with property
owners where historical structures could be relocated and this
property may allow for that, which would likely improve the cash
flow, general environment, may allow for utilization of tax credits and
create a stronger pulse of activity and hidden enjoyment onsite.
Rosemary Ranch & Village is located in the TDR zone (Transfer of
Development Rights) and a map of that zone and some literature
specific to that are included within this OM.
The potential to transfer the development rights may offer some
substantial impacts to the property and owner of Rosemary Ranch &
Village.
All of this information should be double checked and confirmed with
the appropriate sources.
There are redevelopment possibilities that exist as well, which may
include lot splitting, acquisition of the corner parcel and working with
planning and development in the City to strategize and approve a
new future for the property.
The city of Sarasota owns the adjacent parcel located at the corner
of Central Ave & 9th st which is currently used as a Auxiliary
Facilities department.
SSAS (Sarasota School of Arts & Science) recently (2024)
purchased the building located at 741 Central Ave (across the street
from the SW corner) for $5.5m which included 8,955 SF building and
just under 1 acre of DTE zoned land.