1853 4th St, Sarasota, Florida
List Price: $3,975,000
MLS Number: A4579722

  • Status: Active
  • DOM: 276 days
  • Square Feet: 1284
  • Bedrooms: 3
  • Baths: 2
  • Garage: 1
  • City: SARASOTA
  • Zip Code: 34236
  • Year Built: 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.

Misc Info

Subdivision: Matheny Sub

Annual Taxes: $6,246

Lot Size: 1/2 to less than 1

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    Home Features

    Appliances: Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer

    Flooring: Vinyl

    Air Conditioning: Central Air

    Exterior: French Doors

    Garage Features: Covered, Driveway

    Room Dimensions

    Schools

    • Elementary: Alta Vista Elementary
    • High: Booker High
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