1743 8TH STREET, SARASOTA, FL, 34236
$1,400,000
Residential
|
Bedrooms
2
|
Bathrooms
2
|
Living Area
1,400 Sqft
|
Lot Size
9,200 Sqft
|
Rare Investment Opportunity in Downtown Sarasota’s 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 Sarasota’s 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 city’s 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 Street’s shops, galleries, and restaurants, and only 0.7 miles to Sarasota’s waterfront and The Bay, the city’s 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 Sarasota’s vibrant cultural and commercial scene.
Prime Development Potential: Build 4–6 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 today’s 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 Sarasota’s 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 Sarasota’s continued downtown development.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRA4647457 | Year Built: | 1925 | |
| Appliances: | None | Architectural Style: | Ranch | |
| Community Features: | Dog Park, Playground, Racquetball, Tennis Court(s) | Construction Materials: | Brick, Stucco | |
| Cooling: | Central Air, Wall/Window Unit(s) | Country: | US | |
| County Or Parish: | Sarasota | Direction Faces: | North | |
| Exterior Features: | French Doors | Fencing: | Fenced | |
| Fireplace Features: | Wood Burning | Flooring: | Wood | |
| Foundation Details: | Crawlspace | Heating: | Central | |
| Laundry Features: | Inside | Levels: | One | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional | |
| Occupant Type: | Vacant | Parking Features: | None | |
| Pets Allowed: | No | Property Condition: | Completed | |
| Property Sub Type: | Single Family Residence | Property Type: | Residential | |
| Road Surface Type: | Paved | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Electricity Connected, Sewer Connected | |
| Vegetation: | Trees/Landscaped | Water Source: | Public | |
| Rooms | Rooms | |||
|---|---|---|---|---|
| Living Room: | 15x20 ft | Primary Bedroom: | 13x15 ft | |
| Bathroom 2: | 13x12 ft | Kitchen: | 12x14 ft | |
We love to hear from you