$399,900

Located in the highly desirable downtown Sarasota area, this vacant lot presents a unique opportunity for investors and developers looking to build their dream property in one of the most coveted locations in the city. With its prime location just steps away from Gillespie Park and the sparkling waters of the bay, this rare lot which measures 58 ft x 101 ft has endless opportunities! The lot's zoning allows for a range of building opportunities, making it an attractive option for those looking to create a unique investment property or a dream home in the heart of downtown Sarasota. The Downtown Neighborhood Zoning (DTN) district is primarily residential but also allows for a mixture of land uses. Residential dwellings may be single-family or multiple-family up to a maximum of 12 dwelling units per acre. In addition to a primary residential structure, an ancillary outbuilding is permitted on each lot. Low-intensity office, retail and lodging uses may be permitted in limited amounts. Retail stores are confined to corner lots. Other nonresidential uses that contribute to the residential attributes of a neighborhood are also allowed. Building height shall be limited to a maximum of three stories. Building frontages include porches, fences and terraces. This property's location in the heart of downtown Sarasota means that it is just minutes away from some of the best restaurants, shopping, and entertainment in the area, as well as some of the city's most popular cultural attractions. The lot's proximity to Sarasota bay and Gillespie Park also makes it a prime location for those who love the outdoors, offering easy access to some of Sarasota's most beautiful natural areas, including the ongoing reimagination of the 53 acre Bay project which will be a world class public space. Property can be purchased individually or as a package with the adjoining 3 parcels which make up the entire block between 4th and 5th Streets on Osprey Avenue. Additional MLS Listings: A4568514, A4568787, A4568988. Drone photos show all 4 contiguous properties outlined for reference.