Sarasota County Purchases 2.04-Acre Boatyard Property From Big Main Street LLC For $18.1M

The property asset involved in this transaction is a mixed-use site located at 1500 Stickney Point Road in Sarasota. The site encompasses 2.04 acres and consists of 21 parcels, featuring docks, boardwalks, and a restaurant tenant. The sale price for this transaction was $18,100,000. The property has roughly 700 feet of bay frontage and is situated at a bayfront gateway to Siesta Key.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $18,100,000
• Buyer: Sarasota County
• Seller: Big Main Street LLC
• Site Size: 2.04 acres
• Number of Parcels: 21
• Bay Frontage: Approximately 700 feet

This transaction marks a strategic acquisition by Sarasota County, which plans to convert the property into a public park aimed at promoting ecotourism and enhancing waterfront access. There are potential demolitions planned that may push the total project costs to just over $21 million.