Most affordable price per unit in Sarasota! The property currently has 77 vested residential units. However, under SB 102 and utilizing the Commercial Corridors and Commercial Centers Attainable Housing Density Bonus Program, the allowable residential units increase significantly to a total of 231 and possible height bonus of up to 2 stories. This prime location is ideally positioned to take full advantage of the enhanced density provisions offered by SB 102 or the City's updated regulations. Perfect for apartments, mixed use, student housing and other high density residential development opportunities. The parcel's strategic location on the North Tamiami Trail places it in close proximity to the vibrant heart of Downtown Sarasota & high-rise hotels, condominiums and apartments along the gateway to St. Armands. Residents can enjoy the cultural attractions, entertainment venues, and upscale dining options, providing a dynamic urban lifestyle within reach. Being just steps away from SRQ Airport ensures unparalleled convenience for frequent travelers. Whether for business or leisure, residents can enjoy the luxury of reduced travel time and stress, making it an ideal location for jet setters and professionals with frequent travel commitments. The subject property is well located with excellent frontage along U.S. 41 (North Tamiami Trail) near Ringling Museum, University of South Florida, New College and Ringling School of Art & Design. Neighborhood retail includes a neighborhood Walmart, CVS Drug Store and several popular gas and convenient stores. Located just to the South of the rapidly growing SRQ Airport and busy University Parkway. With a generous 2.14+ acre parcel, property owners have the luxury of space giving a true definition of value-add. This opens up a myriad of possibilities for development and outdoor amenities. The expansive grounds allow for creativity and customization to create a unique and personalized living environment. The city's Commercial Corridors and Commercial Centers Attainable Housing Density Bonus Program requires that a minimum of 15% of bonus units above the base density for a development must be designated as attainable, and provided on-site, to households earning 120% of the Area Median Income (AMI) for the North Port-Sarasota-Bradenton Metropolitan Statistical Area (MSA) for a minimum of 30 years. Daily Traffic Counts of 32,500 +/- 104 Parking Spaces Approximately 9 miles from I-75 Visit us online at www.AmericanPropertyGroup.com to see all our listings or call (941)923-0535 at your convenience.