Downtown Sarasota land offers a rare development opportunity in the Gillespie Park neighborhood. This parcel is currently five lots with a remodeled 3/2 bungalow on the middle lot. Zoned “Downtown Neighborhood” (DTN), it offers a developer/investor many options to build up to 3 stories. The entire parcel is in The Opportunity Zone guaranteeing tax incentives. Options include: Up to 7 single-family homes with 7 accessory dwelling units (ADUs); Condos or Townhomes; Multifamily Luxury Apartment Enclave; Single-family home compound/estate; Live and work options. The existing back and side alley access is a major advantage for design considerations and private access to multiple dwellings. Location is everything. Walking distance to the heart of downtown Sarasota; Mere blocks away from 10-acre Gillespie Park with walking paths, tennis, pickleball, basketball courts and dog park; new Bayfront Park Project; Rosemary District; shops, restaurants, pharmacy, performing arts theaters, and a 15-minute drive to Lido beaches and St. Armands Circle; 15-minute drive to I-75.
Property Details
Price:
$3,975,000
MLS #:
A4579726
Status:
Active
Beds:
0
Baths:
0
Address:
1835 4TH STREET
Type:
Commercial
Subtype:
Multi-Family
Subdivision:
MATHENY SUB
City:
SARASOTA
Listed Date:
Aug 15, 2023
State:
FL
Finished Sq Ft:
1,727
ZIP:
34236
Lot Size:
26,250 sqft / 0.60 acres (approx)
Year Built:
1962
Schools
Interior
Cooling
None
Exterior
Construction Materials
Other
Financial
Buyer Agent Compensation
3%%
Tax Year
2022
Taxes
$4,082
Map
Community
- Address1835 4TH STREET SARASOTA FL
- CitySARASOTA
- CountySarasota
- Zip Code34236
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Courtesy of ALIGN RIGHT REALTY SRQ OPULENCE. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
1835 4TH STREET
SARASOTA, FL
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