Active

1835 4TH ST

SARASOTA FL, 34236

$3,975,000


$2,301.68 per sqft

Active

1,727 sqft

Commercial

Built in 1962

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.

A4579726

MLS ID

August 15, 2023

Listed

February 16, 2024

Updated

Map

1835 4TH ST
SARASOTA FL, 34236

Interior Features

Fireplace

No


Cooling

No


Cooling Description

None


Heating

No

Exterior/Building Features

Lot Size

0.6 Acres

Other Property Details

Area Name

34236 - Sarasota


Taxes

$4,082


Tax Frequency

Annually


Days on Market

9


Garage

No


View

No


County

Sarasota


Pool

No


Zoning

DTN


Buyer Agency Compensation

3%

Listed by Sabrina Payton-Turner, Susan Garrabrant Caceres with ALIGN RIGHT REALTY SRQ OPULENCE
Listing Contact: 941-362-3300 

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Data last updated 2/16/2024, 12:45 AM UTC

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