941 213 9400
$3,250,000
30,056
Square ft Lot

628 N Orange Ave Sarasota Florida 34236

628 N Orange Ave Sarasota Florida 34236 locatior map

Discover a unique and outstanding investment opportunity nestled in the heart of Sarasota's sought-after Gillespie Park neighborhood. This remarkable collection consists of three parcels featuring a charming main Florida bungalow home, a detached 1-bedroom apartment, plus two additional single-family homes, each with three bedrooms. Embrace the luxury of owning nearly 0.69 acres of prime real estate in a vibrant community. 30,000 square feet of land offers a mixture of Downtown Edge (DTE) and Downtown Neighborhood (DTN) zoning. DTE zoning allows for up to 25 units an acre, and DTN allows for up to 12 units an acre; however, the DTE portion qualifies for the Density Bonus program, which qualifies for the development of up to 34 units and commercial development The centerpiece of this fascinating compound is the main bungalow house, a true gem that radiates warmth and comfort, perfectly complemented by a serene swimming pool and an inviting paver patio, ideal for soaking up the Florida sun or hosting unforgettable gatherings. The carefully designed outdoor spaces promise endless hours of relaxation and enjoyment. Adding to the allure, a cozy 1-bedroom apartment offers privacy and convenience with its separate parking and entrance, presenting a perfect opportunity for rental income or guest accommodation. The two additional parcels, each featuring a 3-bedroom single-family home, offer a wealth of options for the discerning investor or homeowner. Live in the main residence and generate income by renting out the other properties, or explore the potential to build anew in this prime location. Gillespie Park is well-known for its tranquil atmosphere, friendly community, and proximity to downtown Sarasota's bustling array of shops, restaurants, arts, and entertainment options. This is a rare chance to own a piece of Sarasota's charm with the added flexibility and potential that these parcels offer.

Features

MLS#
MFRA4618435
County
Sarasota
Type
Land
Year built
# Floors
story
Private Pool
None
Parking
Lot
0.69 acres
Taxes
$5633.06
Roof
Fireplace
None
On Market
119 days

Community

Pets:

Pets OK?
No
Restrictions:
No Restrictions

Community Information & Fees:

Listing courtesy of HARRY ROBBINS ASSOC INC.

GET MORE INFO

SIMILAR PROPERTIES

$3,195,000 421 Cleveland Dr Sarasota Florida MFRA4621948 Beds | n/a Baths | n/a sf
$3,250,000 628 N Orange Ave Sarasota Florida MFRA4618435 Beds | n/a Baths | n/a sf
$3,600,000 1051 Westway Dr Sarasota Florida MFRA4614997 Beds | n/a Baths | n/a sf

NEARBY NEIGHBORHOODS