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Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177
  4. 229.834.4988
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  4. 1721 8th Street, SARASOTA, FL 34236
1721 8th Street, SARASOTA, FL 34236
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1721 8th Street
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  • MLS#: A4652154 ( Land )
  • Street Address: 1721 8th Street
  • Viewed: 145
  • Price: $1,400,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 313
  • Additional Information
  • Geolocation: 27.3433 / -82.536
  • County: SARASOTA
  • City: SARASOTA
  • Zipcode: 34236
  • Subdivision: Schindler Sub
  • Provided by: FINE PROPERTIES
  • Contact: Beverly Perez
  • 941-782-0000
  • mfrmls
  • DMCA Notice
  • Description
    Rare Investment Opportunity in Downtown Sarasotas 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 Sarasotas most exciting transformation zones. This restored vintage home with an effective year built of 2000 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, scenic pond, dog park, fitness trail, and walking paths. Enjoy walking distance to Main Streets shops, galleries, and restaurants, and only 0.7 miles to Sarasotas waterfront and The Bay, the citys 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 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, ideal for townhomes, multi family residences, or custom urban homes. The location offers the walkability, green space, and downtown access todays 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 Sarasotas 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 Sarasotas continued downtown development.
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Property Location and Similar Properties
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Similar
Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Country
  1. US
Covered Spaces
  1. 0.00
Current Use
  1. Multi Family
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Legal Description
  1. E 17 FT OF LOTS 3 4 & ALL LOT 6 & W 1/2 OF LOT 8 BLK C SCHINDLER SUB
Living Area
  1. 0.00
Area Major
  1. 34236 - Sarasota
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 2026020107
Pets Allowed
  1. No
Property Type
  1. Land
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Township
  1. 36S
Utilities
  1. Cable Connected
  2. Electrical Nearby
  3. Public
  4. Sewer Connected
  5. Water Connected
Views
  1. 145
Virtual Tour Url
  1. https://tours.snaphouss.com/17218thstreetsarasotafl34236?b=0
Water Source
  1. Public
Zoning Code
  1. DTN
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Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177
  4. 229.834.4988