Unique Live/Work Opportunity near Downtown Sarasota

1470-1490 20th Street Sarasota, FL 34234

1470-1490 20th Street, Sarasota, FL, 34234
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,900,000
Last Verified:
Dec 12, 2024

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Highlights

  • Three properties with shared yard space, ideal for RVs, boats, and storage
  • Unique live/work or mixed-use investment opportunity
  • Two residential studios with lofts, full kitchens, and bathrooms
  • One light manufacturing property built as a woodshop with overhead doors and storage space
  • Prime location near Ringling and downtown Sarasota

Description

American Property Group of Sarasota, Inc. presents 1470-1490 20th St, Sarasota, FL

Property Type: Three Parcels of Industrial & Residential Properties

This one-of-a-kind portfolio offers a unique blend of industrial and residential opportunities. Featuring three properties with shared yard space, there’s ample room for RVs, boats, and more. Two properties are residential studios with lofts, ideal for living or creative use. The third property is a woodshop built for light manufacturing. Please note that the residential properties are occupied, and ample notice is required to show the full property. This versatile setup makes it a perfect investment for live/work arrangements, small business operations, or mixed-use redevelopment.

1470 20th St, Sarasota, FL
Lot Size: 9,233 SF
Building Size: 1,800 SF
Open studio with loft area
Full kitchen and bathroom
Overhead door and French glass doors leading to outdoor space with overhang

1480 20th St, Sarasota, FL
Lot Size: 6,727 SF
Building Size: 3,180 SF
Designed as a woodshop for light manufacturing
Two overhead doors
Abundant storage space
Full bathroom

1490 20th St, Sarasota, FL
Lot Size: 7,543 SF
Building Size: 3,120 SF
Large studio with loft, full bathroom, and kitchen
Rear workshop with overhead door
Occupied residence

Price Options:
$1.9M FF&E (Furniture, Fixtures, and Equipment)
$1.8M Vacant

Take advantage of this rare opportunity to own a portfolio with exceptional flexibility and potential. Visit us online at AmericanPropertyGroup.com to see all our listings or call (941) 923-0535 today.

Between US-41 and I-301, south of Sarasota/Bradenton Airport. 3 parcels on corner of 20th St and railroad.


Year Built: 1981
Building Size: 8100sq ft
Lot Size: 0.54 acres


Documents

Sale Brochure 1470-1490 20th St

Map of 1470-1490 20th Street, Sarasota, FL, 34234

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.