About 1853 4th Street
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.
Features of 1853 4th Street
| MLS® # | A4579722 |
|---|---|
| Price | $3,975,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,284 |
| Acres | 0.60 |
| Year Built | 1962 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
| HOA Fees | $0 |
| Has CDD | N |
| Property Taxes | $6,246 |
Pets Information
| Pet Restrictions | No pet restrictions |
|---|
Rentals Section
| Mininum Lease | 1 Month |
|---|
Community Information
| Address | 1853 4th Street |
|---|---|
| Area | Sarasota |
| Subdivision | MATHENY SUB |
| City | SARASOTA |
| County | Sarasota |
| State | FL |
| Zip Code | 34236 |
Amenities
| Parking | Covered, Driveway |
|---|---|
| View | City, Trees/Woods |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fans(s), Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Thermostat, Window Treatments |
|---|---|
| Appliances | Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer |
| Heating | Electric |
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Exterior Features | French Doors |
|---|---|
| Lot Description | Cleared, Corner Lot, City Limits, Level, Near Marina, Oversized Lot |
| Roof | Shingle |
| Foundation | Stem Wall |
School Information
| Elementary | Alta Vista Elementary |
|---|---|
| Middle | Booker Middle |
| High | Booker High |
Additional Information
| Date Listed | August 15th, 2023 |
|---|---|
| Days on Market | 258 |
| Zoning | DTN |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | ALIGN RIGHT REALTY SRQ OPULENCE |
|---|