A truly exceptional opportunity for residential development...
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Making an investment in this property is making an investment in a quickly growing region of Sarasota, FL. Downtown Sarasota offers arts, fine dining, business, commerce, and entertainment. This property holds potential for single-family homes, accessory dwelling units, townhomes, double unit structures, condos, and apartments. The visions are endless.
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1853 4th St., Sarasota, FL 34236
(Includes 1835 4th St. & 1869 4th St.)
(Includes 1835 4th St. & 1869 4th St.)
$3,975,000
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Combined Acreage: 0.60 (.12, .12, .36)
Combined Lot Size: 26,250 sq ft (5,250, 5,250, 15,750) Location: Residential area of Downtown Sarasota, Gillespie Park, Matheny Sub Main Roads: West of US-301, North of Fruitville Rd Utilities: Electricity, sewer, and water connected at 1853 4th St (existing single-family residence); Public utilities available |
Legal Descriptions:
-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 -1835 4TH ST LOT 1 MATHENY SUB, SUB OF LOTS 16 18 BLK K POS -1869 4TH ST LOT 9 MATHENY SUB, SUB OF LOTS 16 18 BLK K POS Tax IDs: 1853 4th St: 2026090145 1835 4th St: 2026090081 1869 4th St: 2026090085 |
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.
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.
