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 which guarantees some lucrative tax incentives. Options include: Single-family homes with accessory dwelling units (ADUs) Condos or Townhomes Multifamily enclave Single-family home compound/estate Live and work options Up to 7 homes, with 7 ADUs Existing back and side alley access is a major advantage for design considerations and access to multiple dwellings. Location is top of mind. Mere blocks away from 10-acre Gillespie Park with walking paths, tennis, pickleball, basketball and dog park; new Bayfront Park Project; Rosemary District; shops, restaurants, performing arts theaters, and a 15-minute drive to Lido beaches and St. Armands Circle.
WaterSource: Public
Lot Dimensions: 50x105
Lot Description: City Limits, In County, Paved
Lot Square Feet: 5250
Lot Acres: 0.12
Lot Size (SqMt): 488
Property Type: Land
Original List Price: $3975000
Tax Book Number: A/66
Tax Lot: 9
Tax Legal Description: 1869 4TH ST LOT 9 MATHENY SUB, SUB OF LOTS 16 18 BLK K POS
Annual Tax: $2669.69
Tax Year: 2022
Parcel Number: 2026090085
Public
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 #A4579725
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.