Thank you
Sabrina Payton-turner
ALIGN RIGHT REALTY SRQ OPULENCE
941-362-3300
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.
Total Bedroom: 3
Total Baths: 2
Full Baths: 2
Ceiling Fans(s), Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Thermostat, Window Treatments
Roof : Shingle
Appliances : Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer
Laundry Features: Inside
Shingle
Flooring : Vinyl
Construction Materials : Metal Frame, Wood Frame, Wood Siding
Heating: Electric
Cooling: Central Air
WaterSource: Public
Year Built: 1962
French Doors
Construction Materials: Metal Frame, Wood Frame, Wood Siding
Foundation Details: Stem Wall
Lot Description: Cleared, Corner Lot, City Limits, Level, Near Marina, Oversized Lot
Lot Square Feet: 26250
Lot Acres: 0.6
Lot Size (SqMt): 2439
Property Type: Residential
Sub Type: Single Family Residence
Original List Price: $3975000
Tax Block: 1
Tax Lot: 3,5,7
Tax Legal Description: LOTS 3, 5 & 7, MATHENY SUB, SUB OF LOTS 16 & 18, BLK K, PLAT OF SARASOTA, BEING A PORTION OF LANDS DESC IN ORI 2004042310
Annual Tax: $6246.39
Tax Year: 2022
Parcel Number: 2026090145
Elementary School: Alta Vista Elementary
Junior High School: Booker Middle
Senior High School: Booker High
Electricity Connected, Sewer Connected, Water Connected
Sewer: Public Sewer
Water Source: Public
Subdivision: MATHENY SUB
City: SARASOTA
Direction: From I-75 on Fruitville, head west on Fruitville toward Lido Beach. In approximately 10 miles, turn right on N. Osprey Ave. Turn right at the first cross street onto 4th St, the property will be on the left.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1469 5th Street #202, Sarasota, FL,34236 | $1,679,000 | 3 | 2 | 1,850 | 0.12 Acre |
1469 5th Street #102, Sarasota, FL,34236 | $995,000 | 2 | 2 | 1,150 | 0.12 Acre |
1469 5th Street #302, Sarasota, FL,34236 | $1,724,000 | 3 | 2 | 1,850 | 0.12 Acre |
162 Emerson Drive, Sarasota, FL,34236 | $10,000,000 | -- | -- | 20,250 | 0.46 Acre |
430 Kumquat Court #202, Sarasota, FL,34236 | $1,030,600 | 2 | 2 | 1,057 | -- |
430 Kumquat Court #308, Sarasota, FL,34236 | $1,166,100 | 2 | 3 | 1,196 | -- |
430 Kumquat Court #410, Sarasota, FL,34236 | $1,701,500 | 3 | 4 | 1,745 | -- |
1469 5th Street #304, Sarasota, FL,34236 | $1,796,000 | 3 | 3 | 1,850 | 0.12 Acre |
845 Benjamin Franklin D.., Sarasota, FL,34236 | $569,000 | 2 | 2 | 991 | -- |
35 Watergate Drive #701, Sarasota, FL,34236 | $3,300,000 | 3 | 3 | 3,751 | -- |
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Based on information submitted to the MLS GRID as of 04/28/2024 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 04/28/2024 @ 18:20
MLS: MFRMLS #A4579722
LISTED BY: Sabrina Payton-Turner, ALIGN RIGHT REALTY SRQ OPULENCE
SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS)
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.