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Brian Hawes

brian.hawes@engelvoelkers.com +1(760) 828-8340

$ 3,250,000

Est. payment -/mo

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Active

628 N ORANGE AVE Sarasota, FL 34236

7 Beds

4 Baths

3,396 SqFt

UPDATED:

10/23/2024 05:09 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,396 sqft

Price per Sqft $957

Subdivision Halls Sub James S

MLS Listing ID A4618354

Bedrooms 7

HOA Y/N No

Originating Board Stellar MLS

Year Built 1926

Annual Tax Amount $5,167

Lot Size 0.690 Acres

Acres 0.69

Lot Dimensions 100x129

Property Description

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 space.

The centerpiece of this fascinating compound is the main bungalow house, a true gem that radiates warmth and comfort, perfectly complemented by a serene pebble tech 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 structures, or explore the potential to develop new 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.

Location

State FL

County Sarasota

Community Halls Sub James S

Zoning DTN

Interior

Interior Features Built-in Features, Ceiling Fans(s), Other, Primary Bedroom Main Floor

Heating Central, Electric

Cooling Central Air

Fireplace false

Laundry Laundry Room

Exterior

Exterior Feature Awning(s), Courtyard, Fence, Lighting, Private Mailbox, Sidewalk

Pool In Ground

Utilities Available Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Other, Public, Sewer Available, Sewer Connected, Water Available, Water Connected

Waterfront false

Roof Type Metal,Shingle

Garage false

Private Pool Yes

Building

Foundation Block, Crawlspace, Other, Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Block,Other,Stucco,Wood Siding

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

Listed by HARRY ROBBINS ASSOC INC

Brian Hawes

Advisor | License ID: SL3425990

+1(760) 828-8340

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