Residential Property - Single Family Residence in Sarasota
Listing Price: $425,000
Description of Property
Welcome to Gillespie Park, one of Sarasota’s most distinctive historic neighborhoods, where established residential streets meet the energy, growth, and convenience of Downtown Sarasota. This 5,000-square-foot parcel with DTE zoning is being offered for its land value and the existing structure is being conveyed in its present As-Is condition. A great opportunity for a developer, builder, investor, or long-term landholder seeking a strategically positioned site near the heart of the city. Downtown Edge zoning is intended to provide a transition between Sarasota’s downtown core and surrounding neighborhoods while accommodating a mix of residential and compatible nonresidential uses. The property is also located within a zoning district eligible for the City of Sarasota’s Downtown Attainable Housing Density Bonus Program, which may provide additional density opportunities for qualifying developments, subject to City requirements, approvals, development standards, and site-specific feasibility. The location adds another layer to the opportunity. Gillespie Park combines historic neighborhood character with newer construction, redevelopment, green space, and convenient access to the many destinations surrounding Downtown Sarasota. Restaurants, coffee shops, entertainment, cultural venues, the Rosemary District, Main Street, The Bay, and Sarasota’s waterfront are nearby, while St. Armands Circle, Lido Key, and the Gulf beaches are within easy reach. For those looking beyond the existing improvements and toward the potential of the site itself, this is an opportunity to control DTE-zoned land within Sarasota’s downtown area and explore what may be possible today or in the future. Buyers and developers are encouraged to independently verify zoning, allowable uses, density, setbacks, demolition requirements, utilities, and eligibility for applicable development incentives with the City of Sarasota.
Bedrooms: 3
Bathrooms: 2
Sq. Ft. Gross: 1,495
Garage: No
Carport: No
Parking Features: Driveway
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Gillespie Park
Bedrooms: 3
Bathrooms: 2
Sq. Ft. Gross: 1,495
Sq. Ft. Living Area: 1,276
Cost per (heated) sqare foot: $333
Year built: 1994
Annual Tax: $6,702
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: None
Flooring: Other
Schools
Elementary School: Alta Vista Elementary
Middle/Junior High School: Booker Middle
High School: Booker High
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Wood Siding
Foundation: Stem Wall
Roof: Shingle
Exterior Features: None
Parking Features: Driveway
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Electric
Other Structures: Shed(s)
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Features: City Lot
Lot Size (acres): 0.11
Lot Size (sq. ft.): 5,000 square feet
Lot Dimensions: 50 x 100
Front Exposure: East
Legal Description & Other Information
Financing Available: Cash
Parcel Number: 2026020025
Zoning: DTE
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: S 50 FT OF LOTS 21 & 23 BLK B PETROUTSA BROTHERS SUB
Section: 19
Range: 18E
Listing courtesy of KW COASTAL LIVING III. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.