40th Street, Sarasota, FL 34234 - Photo 1

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$949,000 Just Listed

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Active
Lots/Land
0.18 Acres
Updated 2 days ago

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Property Description

Amazing Investment Opportunity! This property is being sold with 2 other adjacent properties. For a total of 2 Buildable Vacant Lots and another Larger Property that has a Triplex with 2 Extra Attached Mother-n-law Suites. All within the City Limits! The Potential ANNUAL NET RENTAL INCOME is $72,000! There are tenants already there renting month to month but they are hoping to sign a longterm lease with the new owner. The other two PID #'s are 0026 12 0058 and 0026 12 0054. Look up the MLS Number A4688091 for more details on the included property with the Triplex. Make your appointment Today!

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Full Property Details

Full Property Details for 40th St

General

Price: $949,000
Taxes: $1,042 (2025)
Status: Active
Type: Lots/Land
Source: MidFloridaRegionalMLS
MLS ID: A4690389
Updated: 4/17/2026
Added to Site: 3 day(s) ago

Location

Area: 34234 - Sarasota
County: Sarasota
Development Name: 34234 - Sarasota
Subdivision: PALM GROVE
Driving Directions: Driving North on US 41 from Downtown Sarasota Turn Right on Myrtle st, Turn Left on Central Ave, Turn Left on 40th st., Property is on the right.
Direction Faces: South

Community

Community Name: 34234 - Sarasota

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: BB/HS Internet Available, Cable TV Available, Electricity Available, Sewer Available, Water Available

Structural Information

Current Bldg. Use: Residential

Lot Features

Lot Size (Acres): 0.18
Lot Size (Sq. Ft.): 7,763
Lot Size: 7763
Lot Dimensions: 75 x 103
Frontage: City Street
Street/Road Desc.: Asphalt

Financial Considerations

Price Per Acre: $5,272,222
Tax Amount: $1,042
Tax Year: 2025

Disclosures and Reports

Ownership: Fee Simple
Special Conditions: None
Legal Description: LOT 6 & W 1/2 LOT 7 BLK G PALM GROVE
Flood Zone Info: AE
APN: 26120090
Property ID: 26120090
Block/Lot/Section: G

Listed by Preferred Shore Llc

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Price & Sales History for 40th St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/16/2026

Listed

$949,000

279.75%

MLS

11/30/2020

Sold

$249,900

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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40th Street, Sarasota, FL 34234 (MLS# A4690389) is a Lots/Land property with a lot size of 0.18 acres. 40th Street is currently listed for $949,000 and was received on April 16, 2026. Want to learn more about 40th Street? Do you have questions about finding other Lots/Land real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

40th St Sarasota, FL 34234