628 N Orange Ave, Sarasota, Florida
List Price: $3,250,000
MLS Number: A4618435

Discover a unique and outstanding investment opportunity nestled in the heart of Sarasota's sought-after Gillespie Park neighborhood. Thisremarkable collection consists of three parcels featuring a charming main Florida bungalow home, a detached 1-bedroom apartment, plus twoadditional single-family homes, each with three bedrooms. Embrace the luxury of owning nearly 0.69 acres of prime real estate in a vibrantcommunity. 30,000 square feet of land offers a mixture of Downtown Edge (DTE) and Downtown Neighborhood (DTN) zoning. DTE zoning allowsfor 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, whichqualifies for the development of up to 34 units and commercial development The centerpiece of this fascinating compound is the main bungalowhouse, a true gem that radiates warmth and comfort, perfectly complemented by a serene swimming pool and an inviting paver patio, ideal forsoaking up the Florida sun or hosting unforgettable gatherings. The carefully designed outdoor spaces promise endless hours of relaxation andenjoyment. Adding to the allure, a cozy 1-bedroom apartment offers privacy and convenience with its separate parking and entrance, presentinga 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 otherproperties, or explore the potential to build anew in this prime location. Gillespie Park is well-known for its tranquil atmosphere, friendlycommunity, and proximity to downtown Sarasota's bustling array of shops, restaurants, arts, and entertainment options. This is a rare chance toown a piece of Sarasota's charm with the added flexibility and potential that these parcels offer.