1835 4TH STREET SARASOTA FL 34236 MLS #A4579726

1835 4TH STREET
SARASOTA, FL, 34236
$3,975,000
Beds
0 Baths
1,727 SqFt
0.6 Acres
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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
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Buyer Agent Compensation
3%%
Tax Year
2022
Taxes
$4,082

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