Active

$995,000

Features:
  • 1 Bedrooms
  • 1 Bathrooms
  • 1112 sq ft
Overview
  • ID: MFRA4664827
  • Bedrooms: 1
  • Bathrooms: 1
  • Size: 1112 sq ft
Property Details
Remarks
Prime investment and redevelopment opportunity in Sarasota’s sought-after Towles Court Arts District! This mixed-use property offers approx. 750 sq. ft. of commercial/gallery or studio space plus 363 sq. ft. of residential use, making it ideal for live/work tenants, creative professionals, or small businesses. Historic details—hardwood floors, fireplace, and metal roof—blend with flexible layouts to attract both renters and end users. With zero side setbacks and DTE (Downtown Edge) zoning, the property offers significant redevelopment upside. Surrounded by other commercial and residential parcels, 1950 Adams Lane also presents excellent assemblage potential for investors or developers looking to create a larger mixed-use or residential project. Located just steps from downtown Sarasota’s restaurants, shops, galleries, and cultural amenities, this property combines immediate income potential with long-term growth. A rare chance to secure a prime footprint in one of Sarasota’s most dynamic districts!
Financial Considerations
Price:
$995,000
HOA Fee:
N/A
Tax Amount:
$7726
Price per SqFt:
$894.78
Tax Legal Description:
LOT 13, BLK B, TOWLES SUB
Exterior Features
Lot Size:
5000
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Metal
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
1
Bathrooms:
1
Heating:
Central
Cooling:
Central Air
Appliances:
Other
Furnished:
No
Floor:
Other
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1925
Construction Type:
Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
North
Pets Allowed:
No
Special Condition:
None
Additional Features:
Garden, Lighting
Additional Features 2:
none
Map
  • Address
    1950 ADAMS LN
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