Hospitality Redevelopment Opportunity
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Hospitality Redevelopment Opportunity
2 Hospitality Properties Offered at £3,599,270 in Sarasota, FL
Investment Highlights
- Shape Sarasota’s future with a 2.17-acre corner property featuring two motels and a single-family rental home in a rapidly growing area.
- Take advantage of North Trail Overlay zoning for higher-density development, including 15% affordable housing in a thriving market.
- Benefit from a unique site just south of Sarasota-Bradenton International Airport and minutes from Florida’s acclaimed Gulf Coast beaches.
- Invest in Sarasota, one of the top 10 places to live in the US, with a projected 3% annual growth rate and robust consumer spending.
Executive Summary
Take advantage of newly improved density and zoning rules in Sarasota with 4108 and 4014 N Tamiami Trail, a strategically located 2.17-acre corner property in the heart of a rapidly growing area. This unique offering includes the Allamanda Motel, a 26-room establishment, and the neighboring Sundial Motor Inn, featuring 10 motel suites. Additionally, a single-family home currently used as a rental property adds to the portfolio.
This property, located just south of the Sarasota-Bradenton International Airport and only minutes from Florida's acclaimed Gulf Coast beaches, is ideally suited for redevelopment, The North Trail Overlay zoning offers an exceptional development opportunity, with the area approved for higher density with 15% affordable housing.
Sarasota is one of the top 10 places to live in the United States and is witnessing robust growth. With a projected annual growth rate of nearly 3% from 2024 to 2029 and $2 billion in consumer spending within a 5-mile radius, the demand for housing and commercial spaces is surging.
Envision a new footprint for this vibrant community as it expands westward into affluent neighborhoods. Whether an investor looking to capitalize on Sarasota's growth or a developer seeking a prime redevelopment site, this property can significantly impact one of the region's most promising areas.
This property, located just south of the Sarasota-Bradenton International Airport and only minutes from Florida's acclaimed Gulf Coast beaches, is ideally suited for redevelopment, The North Trail Overlay zoning offers an exceptional development opportunity, with the area approved for higher density with 15% affordable housing.
Sarasota is one of the top 10 places to live in the United States and is witnessing robust growth. With a projected annual growth rate of nearly 3% from 2024 to 2029 and $2 billion in consumer spending within a 5-mile radius, the demand for housing and commercial spaces is surging.
Envision a new footprint for this vibrant community as it expands westward into affluent neighborhoods. Whether an investor looking to capitalize on Sarasota's growth or a developer seeking a prime redevelopment site, this property can significantly impact one of the region's most promising areas.
Sale Flyer
Property Facts
| Price | £3,599,270 | Number of Properties | 2 |
| Price / SF | £178.93 / SF | Individually For Sale | 0 |
| Sale Conditions | Development Sale | Total Building Size | 20,116 SF |
| Sale Type | Investment | Total Land Area | 2.18 AC |
| Status | Active |
| Price | £3,599,270 |
| Price / SF | £178.93 / SF |
| Sale Conditions | Development Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 20,116 SF |
| Total Land Area | 2.18 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Allamanda Motel
4014 Tamiami Trl, Sarasota, FL 34234 |
Hospitality | 13,281 SF | 1949 | - |
|
Sun Dial Motor Inn
4108 Tamiami Trl, Sarasota, FL 34234 |
Hospitality | 6,835 SF | 1949 | - |
Sale Advisor
Sale Advisor
Daniel Jittu, Broker/Owner
(407) 529-9886
Contact
Mr. Jittu started his career in international affairs where he brought leaders from around the world into the United States. Later he worked at a prestigious think tank and assisted in pre-policy for incoming US President Ronald Reagan. His global knowledge and keen intuition expanded his horizons into government security and international corporate development. In the late 1990s, Jittu assisted in the acquisition of over 87 companies with Merchant Banking. Daniel remains a trusted advisor to owners and buyers in multi-asset space within the real estate market and the importance of multi-cultural understanding. He is the owner of G-2 International Realty.
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Daniel Jittu -
G2 International Realty
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