Located in the heart of Sarasota, this property offers a strong investment opportunity with significant land value and no HOA constraints, allowing you to tailor the property to your personal preferences. Zoned for 5 units, Townhomes or Urban Style Luxury Flats. Situated on an oversized 0.45-acre lot—approximately 19,400 square feet—this parcel includes three distinct bungalows, providing flexibility for rental income or personal use. Positioned in the sought-after Gillespie Park neighborhood only one block away from the park and just north of downtown Sarasota and moments from US-41, this location offers both convenience and accessibility.
Downtown Sarasota is only five minutes away, placing top dining, boutique shopping, and arts and entertainment within easy reach. The nearby waterfront at Marina Jack and Bayfront Park features scenic views and recreational activities, while St. Armands Circle and Lido Key Beach are just a short drive away. Outdoor enthusiasts will appreciate being mere moments from the scenic Legacy Trail, offering endless opportunities for recreation. Lido, St Armand's and Siesta Key’s renowned beaches can be reached in 10-20 minutes.
This property is located within a desirable school district, making it an excellent choice for families. Additionally, Sarasota Memorial Hospital ER is conveniently located just over five miles away, ensuring easy access to quality medical care.
This versatile investment is perfect for those looking to generate income while enjoying a prime Sarasota location. This property offers both flexibility and financial opportunity. With its ideal location and substantial lot size, this is a rare chance to own a valuable piece of Sarasota real estate in a thriving neighborhood.
Amid the dynamic redevelopment renaissance Sarasota is experiencing, the downtown Gillespie Park Neighborhood is currently being reshaped by the interest of both homesteaders and investors located in the heart of Sarasota. With a walk score of 87 and is becoming increasingly bike-friendly (re: Legacy Trail). This property offers a strong investment opportunity with significant land value and no HOA constraints. The generous lot size, 100’ x 194’ (19,400 sq ft) can’t be overstated. There are currently three distinct cottages ranging from 720 and 750 sq ft with the potential for two additional cottages; 5 in total. An alternate scenario provides the opportunity for land redevelopment. Build vertical or build for individual cottages. With 18 ft of city-owned streetscape; provides a generous buffer from the street. Inquire about special private seller financing.
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Data last updated on Tuesday, February 18, 2025 07:26:08 PM.