1743 8TH STREET, SARASOTA, FL, 34236
$1,600,000
Residential
|
Bedrooms
2
|
Bathrooms
2
|
Living Area
1,400 Sqft
|
Lot Size
9,200 Sqft
|
Rare Investment Opportunity in Downtown Sarasota’s 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 Sarasota’s most exciting transformation zones. This restored vintage home 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, 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 Sarasota’s waterfront and The Bay, the city’s 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, you’re 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. Perfect for townhomes, multi-family residences, or custom urban homes. The location offers everything today’s buyers want—walkability, 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 downtown’s growth.
Value-add opportunity: Position yourself in the path of progress where new developments are achieving premium returns.
Residents enjoy unparalleled walkability to downtown Sarasota’s 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 property—it’s a rare opportunity to be part of downtown Sarasota’s most dynamic transformation. Don’t miss this exceptional find in the heart of the city’s redevelopment boom!
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 | |
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