Rare opportunity! Live, build, or develop in downtown Sarasota! This 12,330-square-foot double lot parcel is conveniently located in the historic Central Cocoanut neighborhood—a few blocks from the thriving Rosemary District and minutes from the heart of downtown, Sarasota’s bayfront, Ringling College of Art & Design, and the museum district. Adjacent additional parcels are also available NOW, offering a rare opportunity to develop alongside other exciting new projects or to purchase an additional 12,000 feet for a total of 24,000+ feet for a larger development. And development options are almost endless with North Trail zoning and an optional North Trail overlay. Current zoning on the lot allows for 3 stories and a wide range of uses, including 9 residential units, 9 mixed-use units, or a 14-room boutique hotel. If a developer chooses to opt into the North Trail overlay, the maximum building height increases to 4 stories. The property currently features a 1,916-square-foot main residence and a separate 1,368-square-foot detached garage and separate studio. The main house, built in 1956, includes three bedrooms, two bathrooms, a den/TV room, living room, kitchen, and a separate dining room. This charming home offers an abundance of original features, including original wood floors, a wood-burning fireplace, crown molding, arched entrances, and sliding pocket doors. Both bathrooms were updated in 2016. The master bedroom has an ensuite bath and French doors that open onto the deck and gated courtyard. Both buildings have newer roofs (2015); the updated studio has a new bathroom, plumbing and HVAC system. Both are move-in ready. The North Trail is part of a huge development push, with planted medians and pedestrian-friendly roundabouts connecting the neighborhood to both downtown and the bayfront. A popular walking and bicycling route offers easy access to the shops, galleries, and restaurants of the Rosemary District and the arts and cultural district, including the Van Wezel Performing Arts Hall, Sarasota Opera, and Florida Studio Theatre. Enjoy a gourmet brunch or wine tasting at The Reserve just across the street. This very special property is also just across the street from scenic Whitaker Park, with its walking trails snaking alongside the picture-perfect Sarasota Bay, picnic pavilions, a new playground, and a fishing pier. It’s also a few blocks from the Bay Park Conservancy, 53 acres of city-owned land along Sarasota Bay that will establish a cultural and economic legacy for the region.
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Listing data comes from My Florida Regional MLS DBA Stellar MLS.
Listing information last updated on June 22nd, 2021 at 1:46am EDT.