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1721 8th Street
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PRICED AT ONLY: $1,400,000

Address: 1721 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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Reduced
More Like This
  • MLS#: A4652154 ( Land )
  • Street Address: 1721 8th Street
  • Viewed: 80
  • Price: $1,400,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 169

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
  • Living Area: 0.00
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Pets Allowed: No
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electrical Nearby, Public, Sewer Connected, Water 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
  • Country: US
  • Current Use: Multi Family
  • Legal Description: E 17 FT OF LOTS 3 4 & ALL LOT 6 & W 1/2 OF LOT 8 BLK C SCHINDLER SUB
  • Area Major: 34236 - Sarasota
  • Parcel Number: 2026020107
  • Views: 80
  • Zoning Code: DTN
Nearby Subdivisions
Bay Point Park 2   Bird Key Sub   Collage On 5th Condominium   Halls Sub James S   High Point Circle   Inwood Park   John Ringling Estates St Arman   Lido Beach Div A   Lido Beach Div B   Lido Beach Div B Resub   Lido C   Orange One   Owen Burns Sub   Plat Of Sarasota Exhibit   Rosemary District   Saint Armands Div John Ringlin   Schindler Sub   Sevilla   Towles Sub Of Lts 18 20 22  
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