Rosemary District Development Opportunity

Real Estate Auction in

06 Tuesday
06th October, 2020 11:00 AM

Rosemary District Development Opportunity

>Real Estate Auction in

Tuesday at - 06th October , 2020

Notes

Buyers premium: 12% Buyers Premium based on the high bid.
Closing: Closing shall take place within 30 days of the conclusion of the online auction or within 10 days of court approval, whichever is longer, sold in As-Is condition, no contingencies.
Deposit Amount: $10,000 cashier’s check or wire transfer made payable to Tranzon Driggers Escrow Account. Balance of 10% due via wire transfer to closing agent within 24 hrs. of being notified as the high bidder.
Broker Coop: 2% of the high bid will be paid to a properly registered broker at settlement.

Description

Rosemary District Development Opportunity, Sarasota, FL

  • Will sell regardless of price subject to bankruptcy court approval!
  • Approved for 5-story 7-unit building
  • In the heart of Sarasota’s fashionable Rosemary District
  • County: Sarasota, Tax ID: 2026110046


Sarasota was recognized by U.S. News and World Report as one of the top ‘25 Best Places to Live in the U.S. in 2019’. This listing provides a fantastic opportunity to construct a 5-story, 7-unit building in Sarasota’s burgeoning Rosemary District just north of downtown. Once a small, quiet offshoot of downtown, the Rosemary District has seen huge growth over the past five years, bringing in a vibrant food and art scene with plenty of selections for everyone’s preferences. Entitlements for this property secured under the expired 75/acre Overlay District exceed densities allowed in the current overlay by 3 units adding considerable value to the approved plans. The existing architectural work offers an 18 month head-start on a typical 2 year planning and permitting process. The existing house is in good condition and habitable but the real value is in the development opportunity. Explore Sarasota and the Rosemary District to learn more about the community.

Plans include:
- 2 spectacular 2-story penthouses
- 7 separate, secure parking garages
- Elevators
- Spa areas and private pools in 6 of the 7 units
- High ceilings
- High efficiency HVAC
- The latest hurricane construction standards

Tranzon Driggers, Walter J. Driggers, III, Lic. Real Estate Broker, FL Lic# AU707 & AB3145 | 12% Buyer's Premium | Case No.: 8:19-bk-12098-CED

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Auction Items For Sale

Rosemary District Development Opportunity, Sarasota, FL

  • Will sell regardless of price subject to bankruptcy court approval!
  • Approved for 5-story 7-unit building
  • In the heart of Sarasota’s fashionable Rosemary District
  • County: Sarasota, Tax ID: 2026110046


Sarasota was recognized by U.S. News and World Report as one of the top ‘25 Best Places to Live in the U.S. in 2019’. This listing provides a fantastic opportunity to construct a 5-story, 7-unit building in Sarasota’s burgeoning Rosemary District just north of downtown. Once a small, quiet offshoot of downtown, the Rosemary District has seen huge growth over the past five years, bringing in a vibrant food and art scene with plenty of selections for everyone’s preferences. Entitlements for this property secured under the expired 75/acre Overlay District exceed densities allowed in the current overlay by 3 units adding considerable value to the approved plans. The existing architectural work offers an 18 month head-start on a typical 2 year planning and permitting process. The existing house is in good condition and habitable but the real value is in the development opportunity. Explore Sarasota and the Rosemary District to learn more about the community.

Plans include:
- 2 spectacular 2-story penthouses
- 7 separate, secure parking garages
- Elevators
- Spa areas and private pools in 6 of the 7 units
- High ceilings
- High efficiency HVAC
- The latest hurricane construction standards

Tranzon Driggers, Walter J. Driggers, III, Lic. Real Estate Broker, FL Lic# AU707 & AB3145 | 12% Buyer's Premium | Case No.: 8:19-bk-12098-CED

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