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$1,300,000

DOWNTOWN SARASOTA DEVELOPMENT OPPORTUNITY | GILLESPIE PARK | 0.52 ACRES | TWO-PARCEL ASSEMBLAGE An opportunity to acquire a 22,465-square-foot (approximately 0.52-acre) residential development site in Sarasota's established Gillespie Park neighborhood, just north of downtown Sarasota. This cleared corner assemblage consists of two adjoining parcels at 1705 6th Street and 624 Goodrich Avenue, offered together for $1,300,000. Both parcels must be purchased together and are not available individually. LOCATION | DOWNTOWN CONVENIENCE, RESIDENTIAL CHARACTER Positioned near Sarasota's Rosemary District and downtown Main Street, this property combines the character of an established neighborhood with access to the city's restaurants, cafés, shopping, galleries and cultural attractions. Whole Foods Market, the Sarasota Bayfront, Bayfront Park and Marina Jack are among the nearby destinations offering dining, waterfront recreation and boating opportunities. For residential developers, this location presents an opportunity to explore boutique urban infill housing designed around the appeal of downtown living with the privacy, outdoor space and independence of a single-family residence. DEVELOPMENT POTENTIAL | DETACHED HOMES OR ATTACHED RESIDENTIAL The primary conceptual development scenario explores four to five detached, fee-simple residences, potentially incorporating private pools, garages and outdoor living areas. At the $1,300,000 asking price, the conceptual land acquisition basis ranges from approximately $260,000 to $325,000 per residence, before development costs. An alternative concept explores approximately six attached residential units, potentially configured as townhomes or small-scale multifamily residences. Both scenarios require independent feasibility analysis and City of Sarasota review and approval. INVESTMENT HIGHLIGHTS The property is reported to have Downtown Neighborhood (DTN) zoning and offers a corner location with approximately 0.52 acres of combined land area. Its proximity to downtown Sarasota and the Rosemary District provides a setting for evaluating residential redevelopment, new construction homes, boutique townhomes or other permitted residential uses. Whether considering a small residential subdivision, detached luxury homes or an attached residential development, this two-parcel assemblage offers an opportunity to evaluate multiple development strategies in a downtown-adjacent Sarasota location. IMPORTANT PROPERTY INFORMATION The offering includes both 1705 6th Street and 624 Goodrich Avenue for one combined purchase price of $1,300,000. Architectural images and renderings are conceptual illustrations only and do not represent approved plans or existing improvements. All development concepts, proposed unit counts and potential configurations are preliminary and subject to applicable regulations and approvals. Buyer to independently verify land area, parcel boundaries, zoning, density, lot division, setbacks, parking, utilities, permitted uses, development feasibility and all applicable requirements with the City of Sarasota and other relevant authorities. No development entitlement, approval or unit count is guaranteed.

Inwood Park SubDv. ⋅ 34236 Zip Code

1705 6th Street, Sarasota

$1,695,000

What if you could get an interest rate of 2% lower than the going interest rates? Well, we can, and our Seller is looking to make that happen by buying down the rate! Contact your agent for further details. A rare opportunity to own a single-family residence in Sarasota’s sought-after Rosemary District. Set on a beautifully landscaped property, this home features a towering century-old oak tree that anchors the backyard and creates a distinctive outdoor setting rarely found in downtown locations. Spanish and Mediterranean architectural elements introduce the residence, offering classic Old World character paired with solid construction and an elevation of approximately 25 feet above sea level. The property is in Flood Zone X, where flood insurance is not required. Inside, the home features high ceilings, hardwood flooring and extensive crown molding throughout. A gas fireplace adds warmth and character to the living area during cooler winter evenings. Multiple windows allow natural light to flow throughout the interior spaces. The residence includes three bedrooms, with one configured as an office or study and featuring a separate exterior entrance, offering flexibility for work-from-home use or private guest access. Outdoor living spaces include a spacious garden area, an oversized patio and a pergola surrounded by mature landscaping, creating a private setting for dining and entertaining. In the heart of the Rosemary District, the home places residents within proximity to many culinary delights, Sarasota’s cultural amenities, including galleries, theaters and live music venues. More than 65 restaurants, cafés and shops are within approximately a six-block radius. The Bay Park waterfront district, a 53-acre public park along Sarasota Bay, is just five blocks away. Payne Park, the Legacy Trail for recreation and biking, Sarasota Farmers Market and Whole Foods Market are all nearby. The John Ringling Bridge provides convenient access to St. Armands Circle and Lido Beach. The property is zoned DTE, which offers future redevelopment potential, subject to city approvals. Owners may choose to enjoy the residence as a private downtown home while maintaining long-term flexibility for future planning. Or alternatively, since this is DTE zoning, this is ideal property for a restaurant possibility, just something else to consider! A unique opportunity to experience downtown Sarasota living in one of the city’s vibrant and evolving neighborhoods.

3 Beds ⋅ 2 Baths ⋅ Owen Burns Sub SubDv. ⋅ 34236 Zip Code

1563 4th Street, Sarasota

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