$1,300,000

Description

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.