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628 N Orange Avenue

Sarasota, FL 34236
  • $3,250,000
  • STATUS: Active
  • ON SITE: 139 Days
  • MLS #: A4618354
$3,250,000
  • 7
    BEDS
  • 0.69
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,396
    SQFT
  • $957
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:
Area:

School Ratings & Info

Description

Discover a unique and outstanding investment opportunity nestled in the heart of Sarasota's sought-after Gillespie Park neighborhood. This remarkable collection consists of three parcels featuring a charming main Florida bungalow home, a detached 1-bedroom apartment, plus two additional single-family homes, each with three bedrooms. Embrace the luxury of owning nearly 0.69 acres of prime real estate in a vibrant community. 30,000 square feet of land offers a mixture of Downtown Edge (DTE) and Downtown Neighborhood (DTN) zoning. DTE zoning allows for up to 25 units an acre, and DTN allows for up to 12 units an acre; however, the DTE portion qualifies for the Density Bonus program, which qualifies for the development of up to 34 units and commercial space. The centerpiece of this fascinating compound is the main bungalow house, a true gem that radiates warmth and comfort, perfectly complemented by a serene pebble tech swimming pool and an inviting paver patio, ideal for soaking up the Florida sun or hosting unforgettable gatherings. The carefully designed outdoor spaces promise endless hours of relaxation and enjoyment. Adding to the allure, a cozy 1-bedroom apartment offers privacy and convenience with its separate parking and entrance, presenting a perfect opportunity for rental income or guest accommodation. The two additional parcels, each featuring a 3-bedroom single-family home, offer a wealth of options for the discerning investor or homeowner. Live in the main residence and generate income by renting out the other structures, or explore the potential to develop new in this prime location. Gillespie Park is well-known for its tranquil atmosphere, friendly community, and proximity to Downtown Sarasota's bustling array of shops, restaurants, arts, and entertainment options. This is a rare chance to own a piece of Sarasota's charm with the added flexibility and potential that these parcels offer.

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-12-12T23:43:22.58.
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628 N Orange Avenue Sarasota, FL 34236

  • Price: $3,250,000
  • Status: Active
  • On Site: 139 Days
  • MLS #: A4618354
7
Beds
0
Baths
0
½ Baths
0.69
Acres
3,396
SQFT
$957
$/SQFT
1926
Built
Neighborhood:
Halls Sub James S
County:
Sarasota
Area:
Sarasota
Property Description
Discover a unique and outstanding investment opportunity nestled in the heart of Sarasota's sought-after Gillespie Park neighborhood. This remarkable collection consists of three parcels featuring a charming main Florida bungalow home, a detached 1-bedroom apartment, plus two additional single-family homes, each with three bedrooms. Embrace the luxury of owning nearly 0.69 acres of prime real estate in a vibrant community. 30,000 square feet of land offers a mixture of Downtown Edge (DTE) and Downtown Neighborhood (DTN) zoning. DTE zoning allows for up to 25 units an acre, and DTN allows for up to 12 units an acre; however, the DTE portion qualifies for the Density Bonus program, which qualifies for the development of up to 34 units and commercial space. The centerpiece of this fascinating compound is the main bungalow house, a true gem that radiates warmth and comfort, perfectly complemented by a serene pebble tech swimming pool and an inviting paver patio, ideal for soaking up the Florida sun or hosting unforgettable gatherings. The carefully designed outdoor spaces promise endless hours of relaxation and enjoyment. Adding to the allure, a cozy 1-bedroom apartment offers privacy and convenience with its separate parking and entrance, presenting a perfect opportunity for rental income or guest accommodation. The two additional parcels, each featuring a 3-bedroom single-family home, offer a wealth of options for the discerning investor or homeowner. Live in the main residence and generate income by renting out the other structures, or explore the potential to develop new in this prime location. Gillespie Park is well-known for its tranquil atmosphere, friendly community, and proximity to Downtown Sarasota's bustling array of shops, restaurants, arts, and entertainment options. This is a rare chance to own a piece of Sarasota's charm with the added flexibility and potential that these parcels offer.
Exterior Features

Carport Spaces 1 Carport Yn Yes Construction Materials BlockOtherStuccoWood Siding Covered Spaces 1 Exterior Features Awning(s)CourtyardFencedLightingPrivate MailboxSidewalk Foundation Details BlockCrawlspaceOtherSlab Lot Size Dimensions 100 x 129 Pool Features In Ground Pool Private Yn Yes Road Surface Type Paved Roof MetalShingle Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Cooling Central Air Cooling YN Yes Fireplace Yn No Heating CentralElectric Heating YN Yes Interior Features Built-in FeaturesCeiling Fan(s)OtherPrimary Bedroom Main Floor Laundry Features Laundry Room Sewer Public Sewer Water Source Public

Property Features

Additional Lease Restrictions Contact City of Sarasota for all leasing restrictions. Annual Net Income 200000 Association Yn No Cdd Yn No Down Payment Resource No Flood Zone Code X Garage Yn No Lease Considered YN Yes Listing Terms Cash Minimum Lease 1 Week New Construction Yn No Ownership Fee Simple Property Sub Type Quadruplex Senior Community Yn No Special Listing Conditions None Sw Subdiv Community Name Gillespie Park Sub Tax Annual Amount 5167.23 Total Annual Fees 0 Total Monthly Fees 0 Utilities Cable AvailableElectricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedOtherPublicSewer AvailableSewer ConnectedWater AvailableWater Connected Zoning DTN


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of HARRY ROBBINS ASSOC INC: 941-924-8346.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-12-12T23:43:22.58.
 
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The Campbell Group | Compass
1575 Main St
Sarasota FL, 34236