Rare Investment Opportunity in Downtown Sarasota’s Development Wave! Four contiguous lots across two parcels totaling approximately 0.44 acres (19,200 SF) at 1721 & 1743 8th Street, located in the heart of one of downtown Sarasota’s most exciting transformation zones. This restored vintage home with an effective year built of 2000… Read More sits in a rapidly evolving neighborhood becoming one of the city’s most desirable addresses. Just steps from the beloved 10-acre Gillespie Park, featuring grand oaks, tennis and basketball courts, scenic pond, dog park, fitness trail, and walking paths.
Enjoy walking distance to Main Street’s shops, galleries, and restaurants, and only 0.7 miles to Sarasota’s waterfront and The Bay, the city’s new 53-acre signature park. The property lies within an Opportunity Zone with no HOA and no deed restrictions, offering exceptional flexibility for investors and developers. Close to the downtown business district and minutes from the Westcoast Black Theatre Troupe, surrounded by Sarasota’s vibrant cultural and commercial scene.
Prime Development Potential: Build 4–6 residential units in this rapidly appreciating neighborhood where new projects are transforming the landscape, ideal for townhomes, multi-family residences, or custom urban homes. The location offers the walkability, green space, and downtown access today’s buyers seek. Existing structures may offer potential savings on impact fees, adding further value for developers.
Investment Strategies: Buy and hold by renting the existing 2-bedroom, 2-bath home for income while land values continue to rise, or develop now and capitalize on downtown Sarasota’s growth.
Residents enjoy convenient access to downtown dining, arts, and entertainment, including Van Wezel Performing Arts Hall, Sarasota Orchestra, Marie Selby Botanical Gardens, and the Bayfront Marina. This is a rare opportunity to secure a property in the path of Sarasota’s continued downtown development. Read Less
Courtesy of FINE PROPERTIES 941-782-0000
Listing Snapshot
Days Online
301
Last Updated
Lot Size
0.21 Acres
MLS Number
A4652154
Additional Details
Property Access
Road Surface: Paved
Building
Living area units: Square Feet
Community
Dog Park, Playground, Racquetball, Tennis Court(s)
Lot
0.44 acres, Dimensions: 92x100
Pets Policy
Allowed: No
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 2026020107, Public Survey Range: 18E, Public Survey Section: 19, Annual Amount: $4,332.03, Tax Block: C, Tax Book Number: 1-28, Legal Description: E 17 FT OF LOTS 3 4 & ALL LOT 6 & W 1/2 OF LOT 8 BLK C SCHINDLER SUB, Lot: 6, Year: 2024, Zoning: DTN
Utilities
Cable Connected, Electrical Nearby, Public, Sewer Connected, Water Connected, Water Source: Public
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Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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