628 Orange Ave Sarasota, FL 34236
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 628 Orange Ave
- Property type
- Commercial real estate
- APN
- 2026070060, 2026070061,2026070063
Description
This exceptional 30,024 square foot land assemblage in Sarasota, Florida, presents a unique development opportunity. Located at 628 N Orange Ave and encompassing adjacent properties at 1606 and 1628 7th St, this fee-simple property boasts a prime location in the desirable Gillespie Park neighborhood, zip code 34236. The site benefits from a blend of Downtown Edge (DTE) and Downtown Neighborhood (DTN) zoning, offering versatile development options. DTE zoning permits up to 25 units per acre, while DTN allows for up to 12 units per acre. Importantly, the DTE portion qualifies for the Density Bonus program, potentially allowing for up to 34 units plus commercial development. Currently, four existing rental properties (three single-family homes and a cottage) generate income, providing a potential revenue stream during the planning and development phases. Gillespie Park, established in the 1920s, is a charming and walkable neighborhood, conveniently close to Sarasota's Main Street, offering a vibrant mix of restaurants, shops, hotels, theaters, and entertainment. Nearby amenities include Gillespie Park itself, featuring tennis and basketball courts, a dog park, and a playground. The property's proximity to Marina Jacks, Bay Park, Lido Key, and St. Armand's Key further enhances its desirability. The asking price for this exceptional development opportunity is $3,250,000. APN numbers are 2026070060, 2026070061, and 2026070063.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Sarasota
- State
- Florida
- Longitude
- -82.5383675
- Latitude
- 27.3418546
