628 N Orange AVENUE, Sarasota, FL, 34236 | $3,250,000

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 development The centerpiece of this fascinating compound is the main bungalow
house, a true gem that radiates warmth and comfort, perfectly complemented by a serene 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
properties, or explore the potential to build anew 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.

Features