1721 8TH STREET Sarasota, FL 34236

Located in downtown Sarasota, this property presents a rare investment opportunity within a rapidly evolving neighborhood. The site consists of four contiguous lots across two parcels, totaling approximately 0.44 acres. Situated in the heart of one of downtown Sarasota’s most exciting transformation zones, this location is becoming one of the city’s most desirable addresses. The property is within walking distance of the 10-acre Gillespie Park, featuring grand oaks, tennis and basketball courts, a scenic pond, a dog park, a fitness trail, and walking paths. It is also near Main Street's shops, galleries, and restaurants, and approximately 0.7 miles from Sarasota’s waterfront and The Bay, the city’s new 53-acre signature park. Lying within an Opportunity Zone with no HOA and no deed restrictions, the property offers flexibility for investors and developers. It is close to the downtown business district and minutes from the Westcoast Black Theatre Troupe, surrounded by Sarasota’s cultural and commercial scene. The property has prime development potential to build 4–6 residential units, suitable for townhomes, multi-family residences, or custom urban homes. The existing 2-bed, 2-bath home can be rented for income while land values increase. Residents can enjoy walkability to downtown Sarasota’s dining, arts, and entertainment, including the Van Wezel Performing Arts Hall, Sarasota Orchestra, and Marie Selby Botanical Gardens.