Welcome to the wonderful, wacky, sometimes funky, and always colorful artsy world of Gillespie Park. It is almost impossible these days to find a huge WOODED lot with a main house and a guest house in the downtown Sarasota area for under $700,000. But that is exactly what you have found here in this amazing downtown location! Walk to everything: shopping, dining, nightlife, theatres, farmers market, park/dog park and much more. It is a multi family property with 2 older separately rented residences onsite. Collect total annual rental incomes of $32,000 while you wait to build/renovate your downtown dreamhouse/duplex/triplex. Existing units can stay leased while you consider your building/renovation options and watch the ongoing exciting development going on all around the area. One block to Gillespie Park (10 acres of trails, tennis/pickle courts, basketball courts, dog park) 6 blocks to Main St, 7 blocks to the new 52 acre Bayfront Park. Minutes to world famous Siesta Key, Lido beach and St Armands Circle. Gorgeous perimeter of mature tropical foliage make this lot ideal for privacy and cooler Summer days. All are encouraged to do a drive by AND YOU CAN WALK THE LOT before making a showing request but please do not disturb tenant. FURTHER DETAILS RE: the main house and a separate guesthouse/art studio: The main house is a two-bedroom, extra large bath, living room with sunroom directly behind and a separate kitchen and inside laundry room with a covered front porch. The guest house has two ground-level garage areas - one which houses the laundry with extra storage, and the other, just an old-fashioned garage/storage area for lawn equipment, and miscellaneous items that don’t need to be indoors. The guest house is a small 2-story structure featuring a studio apartment upstairs with living room/bedroom plus sunroom, kitchen and bath with a screened-in entry porch. Both buildings could use a little TLC and require minor maintenance occasionally. MECHANICAL INFO: House was tented 4 years ago, and the original metal roof still is serving the structures well and has a variety of windows. The property features central water and sewer with new sewer lines from the street up to each of the structures. There is new PVC piping and a new laundry room in the front structure. Window HVAC in rear structure only. Front unit has HVAC/all-in-one unit. GILLESPIE PARK OPTIONS: In Gillespie Park you usually have three options: 1 - Keep the 60- to 80-year-old buildings, maintain them and use them as-is. Option 2 - Completely renovate the bungalows to their original state and make them even more enticing. Option 3 - Tear down the existing structures and create your own new world with up to a 3-story brand new front main house and a separate legal two-story garage and guest house. Option number one is what we have here. It has served the owner well but many options are yours for the choosing. The front main house features a "butterfly garden" on the right side of the property which includes lots of colorful flower pots, sculptures and wall hangings and a lot of plants and all those huge trees that all go together to create that very unique artsy world. Come dream along with us and see what your next step might be.

Listing courtesy of STELLAR_MLS / PREMIER SOTHEBYS INTL REALTY

Last checked: Checking… • Last updated Sep 14, 2024 • Source: STELLAR_MLS

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