About 1835 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 1835 4th Street
MLS® # | A4579726 |
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Price | $3,975,000 |
Bathrooms | 0.00 |
Acres | 0.60 |
Year Built | 1962 |
Type | Commercial Sale |
Sub-Type | Multi-Family |
Status | Active |
Taxes | $4,082 |
HOA Fees | $0 |
CDD | N |
Community Information
Address | 1835 4th Street |
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Area | Sarasota |
Subdivision | MATHENY SUB |
City | SARASOTA |
County | Sarasota |
State | FL |
Zip Code | 34236 |
Amenities
Is Waterfront | No |
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Has Pool | No |
Interior
Cooling | None |
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Fireplace | No |
Exterior
Foundation | Other |
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Additional Information
Date Listed | August 15th, 2023 |
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Days on Market | 264 |
Zoning | DTN |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | ALIGN RIGHT REALTY SRQ OPULENCE |
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