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1743 8th Street
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PRICED AT ONLY: $1,400,000

Address: 1743 8th Street, SARASOTA, FL 34236

Description

Rare Investment Opportunity in Downtown Sarasotas Redevelopment Wave! Four contiguous lots across two parcels totaling approximately 0.44 acres (1721 & 1743 8th Street) right in the heart of one of downtown Sarasotas most exciting transformation zones. This restored vintage home sits in a rapidly evolving neighborhood becoming one of the citys most desirable addresses. Just steps from the beloved 10 acre Gillespie Park, featuring grand oaks, tennis and basketball courts, a scenic pond, dog park, fitness trail, and walking paths. Enjoy walking distance to Main Street, with its premier shops, galleries, and restaurants, and only 0.7 miles to Sarasotas waterfront and The Bay, the citys new 53 acre signature park. This 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, youre surrounded by Sarasotas vibrant cultural and commercial scene. Prime Development Potential: Build 46 residential units in this rapidly appreciating neighborhood where new projects are transforming the landscape. Perfect for townhomes, multi family residences, or custom urban homes. The location offers everything todays buyers wantwalkability, green space, and access to downtown and the bayfront. Investment Strategies: Buy and hold: Rent the charming existing 2 bed, 2 bath home for steady income while land values continue to rise in this high demand area. Develop now: Join the wave of new construction reshaping the district and capitalize on downtowns growth. Value add opportunity: Position yourself in the path of progress where new developments are achieving premium returns. Residents enjoy unparalleled walkability to downtown Sarasotas dining, arts, and entertainment, including the Van Wezel Performing Arts Hall, Sarasota Orchestra, Marie Selby Botanical Gardens, and the Bayfront Marina. This is more than a propertyits a rare opportunity to be part of downtown Sarasotas most dynamic transformation. Dont miss this exceptional find in the heart of the citys redevelopment boom!

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Virtual Tour
Reduced
More Like This
  • MLS#: A4647457 ( Residential )
  • Street Address: 1743 8th Street
  • Viewed: 103
  • Price: $1,400,000
  • Price sqft: $842
  • Waterfront: No
  • Year Built: 1925
  • Bldg sqft: 1662
  • Bedrooms: 2
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 207

Description

Rare Investment Opportunity in Downtown Sarasotas Redevelopment Wave! Four contiguous lots across two parcels totaling approximately 0.44 acres (1721 & 1743 8th Street) right in the heart of one of downtown Sarasotas most exciting transformation zones. This restored vintage home sits in a rapidly evolving neighborhood becoming one of the citys most desirable addresses. Just steps from the beloved 10 acre Gillespie Park, featuring grand oaks, tennis and basketball courts, a scenic pond, dog park, fitness trail, and walking paths. Enjoy walking distance to Main Street, with its premier shops, galleries, and restaurants, and only 0.7 miles to Sarasotas waterfront and The Bay, the citys new 53 acre signature park. This 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, youre surrounded by Sarasotas vibrant cultural and commercial scene. Prime Development Potential: Build 46 residential units in this rapidly appreciating neighborhood where new projects are transforming the landscape. Perfect for townhomes, multi family residences, or custom urban homes. The location offers everything todays buyers wantwalkability, green space, and access to downtown and the bayfront. Investment Strategies: Buy and hold: Rent the charming existing 2 bed, 2 bath home for steady income while land values continue to rise in this high demand area. Develop now: Join the wave of new construction reshaping the district and capitalize on downtowns growth. Value add opportunity: Position yourself in the path of progress where new developments are achieving premium returns. Residents enjoy unparalleled walkability to downtown Sarasotas dining, arts, and entertainment, including the Van Wezel Performing Arts Hall, Sarasota Orchestra, Marie Selby Botanical Gardens, and the Bayfront Marina. This is more than a propertyits a rare opportunity to be part of downtown Sarasotas most dynamic transformation. Dont miss this exceptional find in the heart of the citys redevelopment boom!
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: French Doors
  • Fencing: Fenced
  • Flooring: Wood
  • Living Area: 1400.00
  • Roof: Shingle
Property Information
  • Property Condition: Completed
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: None
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central
  • Pets Allowed: No
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: None
  • Country: US
  • Interior Features: Ceiling Fans(s), High Ceilings, Open Floorplan
  • Legal Description: E 17 FT OF LOTS 3 4 & ALL LOT 6 & W 1/2 OF LOT 8 B
  • Levels: One
  • Area Major: 34236 - Sarasota
  • Occupant Type: Vacant
  • Parcel Number: 2026020109
  • Style: Ranch
  • Views: 103
  • Zoning Code: RMF2
Nearby Subdivisions
Avondale Rep   Bay Point Park   Bay Point Park 2   Bird Key Sub   Boulevard Add To Sarasota   Burns Realty   Central Park   Central Park Sub   Embassy Villas   Halls Sub James S   High Point Circle   Howard Court   John Ringling Estates St Arman   Laurel Park   Lido   Lido Beach   Lido Beach Div A   Lido Beach Div B   Lido Beach Div B Resub   Lido C   Lido Clido Shores   Lido Shores   Marbles W O Corr Of   Not Applicable   Osprey Ave Sub   Pelican Gardens   Plat Of Sarasota Exhibit   Pos Sub Of Blks G H   Rigbys Sub   Rosemary District   Saint Armands Div   Saint Armands Div John Ringlin   Schindler Sub   Schindlers   Tahiti Park   The Villas On Laurel   Tocobaga Bay   Towles   Valencia Terrace Rev  
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