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1743 8th Street
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PRICED AT ONLY: $1,400,000

Address: 1743 8th Street, SARASOTA, FL 34236

Description

Rare Investment Opportunity in Downtown Sarasotas 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 Sarasotas 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 citys 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 Streets shops, galleries, and restaurants, and only 0.7 miles to Sarasotas waterfront and The Bay, the citys 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 Sarasotas vibrant cultural and commercial scene. Prime Development Potential: Build 46 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 todays 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 Sarasotas 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 Sarasotas continued downtown development.

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  • MLS#: A4647457 ( Residential )
  • Street Address: 1743 8th Street
  • Viewed: 179
  • Price: $1,400,000
  • Price sqft: $842
  • Waterfront: No
  • Year Built: 1925
  • Bldg sqft: 1662
  • Bedrooms: 2
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 346

Description

Rare Investment Opportunity in Downtown Sarasotas 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 Sarasotas 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 citys 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 Streets shops, galleries, and restaurants, and only 0.7 miles to Sarasotas waterfront and The Bay, the citys 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 Sarasotas vibrant cultural and commercial scene. Prime Development Potential: Build 46 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 todays 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 Sarasotas 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 Sarasotas continued downtown development.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: French Doors
  • Fencing: Fenced
  • Flooring: Wood
  • Living Area: 1400.00
  • Roof: Shingle
Property Information
  • Property Condition: Completed
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: None
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central
  • Pets Allowed: No
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: None
  • Country: US
  • Interior Features: Ceiling Fans(s), High Ceilings, Open Floorplan
  • Legal Description: E 17 FT OF LOTS 3 4 & ALL LOT 6 & W 1/2 OF LOT 8 B
  • Levels: One
  • Area Major: 34236 - Sarasota
  • Occupant Type: Vacant
  • Parcel Number: 2026020109
  • Style: Ranch
  • Views: 179
  • Zoning Code: RMF2
Nearby Subdivisions
Avondale Rep   Bay Point Park   Bay Point Park 2   Bird Key   Bird Key Sub   Boulevard Add To Sarasota   Burns Realty   Burns Realty Co Sub   Central Park   Derringers Resub   Gillespie Park Sub   Grosvenor Park Sub   Halls Sub James S   High Point Circle   Howard Court   Hudson Bayou   Hudson Bayou Add   Inwood Park First Add   Inwood Park First Addition   Lido Beach   Lido Beach Div A   Lido Beach Div B   Lido Beach Div B Resub   Lido C   Lido C Lido Shores   Lido Clido Shores   Lido Harbour   Lido Shores   Lincoln Park On Hudson Bayou   Miramar   Not Applicable   Pelican Gardens   Petroutsa Brothers Sub   Plat Of Sarasota Exhibit   Rigbys Sub   Rosemary District   Saint Armands Div   Saint Armands Div John Ringlin   Schindler Sub   Schindlers   St Armands Divjohn Ringling E   The Mooring At Bay Pointe   The Residences   Tocobaga Bay   Towles   Valencia Terrace Rev   Washington Park   West Of Trail   Whitakers Landing   White Sands Of Lido  
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