About 1869 4th Street
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.
Features of 1869 4th Street
| MLS® # | A4579725 |
|---|---|
| Price | $3,975,000 |
| Bathrooms | 0.00 |
| Acres | 0.12 |
| Type | Land |
| Sub-Type | Land |
| Status | Active |
| Taxes | $2,670 |
| HOA Fees | $0 |
| CDD | N |
Community Information
| Address | 1869 4th Street |
|---|---|
| Area | Sarasota |
| Subdivision | MATHENY SUB |
| City | SARASOTA |
| County | Sarasota |
| State | FL |
| Zip Code | 34236 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | City Limits, In County, Paved |
|---|
Additional Information
| Date Listed | August 15th, 2023 |
|---|---|
| Days on Market | 257 |
| Zoning | DTN |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | ALIGN RIGHT REALTY SRQ OPULENCE |
|---|