Land - Real Estate in Sarasota
Listing Price: $3,975,000 (Mortgage Calculator →)
Description of Property
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 At A Glance
Property Type: Land
City: Sarasota
County: Sarasota
Subdivision: Matheny Sub
Annual Tax: $2,670
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
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Sewer: Public Sewer
Water Source: Public
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Lot Information
Lot Features: City Lot, In County
Lot Size (acres): 0.12
Lot Size (sq. ft.): 5,250 square feet
Lot Dimensions: 50x105
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Legal Description & Other Information
Parcel Number: 2026090085
Zoning: DTN
Tax Legal Desc.: 1869 4TH ST LOT 9 MATHENY SUB, SUB OF LOTS 16 18 BLK K POS
Listing courtesy of ALIGN RIGHT REALTY SRQ OPULENCE. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.