Opportunity abounds for the savvy investor who purchases this fabulous property that spans 6 tracts and 5.48 acres of ideal development land directly on Little Sarasota Bay & US 41. Currently there are three different zoning districts in place allowingallowingfor a wide variety of options for the creative & future minded. Three tracts are zoned CG (Commercial General) two are zoned RMF-1 (Residential Multi-family) & one tract is zoned RSF-11 (Residential Single Family) under the Sarasota County Zoning Cod e. A tremendous plus of this property is the fact that there are 2 docks which support a total of 32 boat slips. Depending on the formation of future residential building, there is the potential that each homeowner could have private dockage. Currently on site are 3 2-story apartment buildings with a total of 6 apartments as well as the charming Old Florida-style restaurant known as Spanish Point Pub & Restaurant (936 sq ft) with its newly expanded Tiki Hut offering an additional 1700 sqft of covered outs ide dining area. While these buildings and business are not without significant value, the true value of this rare property lies in what it will become. The property has a future land use of Commercial Corridor.
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