1669 Oak St
Sarasota, FL 34236

NAI Tampa Bay is proud to present the exclusive right of sale for a tremendous development opportunity in the Downtown Sarasota neighborhood of Laurel Park. The offering provides a rare opportunity to acquire a future development parcel, with strong income already in place to generate a return while transitioning into the development phase. The Laurel Park Development opportunity consists of approximately a 1/4 acre of land, with four units in three structures currently on the parcel. All the structures on the parcel are wood frame structures that were predominately built in the early 1920’s, however, all have been updated and currently command strong rents. The unit mix for the existing units consists of One, 2 bedroom / 1 bathroom unit, Three, 1 bedroom / 1 bathroom units, and One, 480 square foot garage area, currently being rented for $295 per month. The parcel also has the added benefit of providing direct access/ frontage on Oak Street and Cherry Lane to the north. This is a unique component for parcels on Oak Street, as most of the parcels on the street have been divided into two separate parcels. Therefore, the parcel offers a buyer the flexibility of dividing the parcel into two parcels or using the entire parcel as one for future development. The location of the parcel is arguably one of the best areas in the Laurel Park neighborhood. From the subject property, you’re within a 5-minute walk of Burns Court, Main Street, and the beautiful views along the Sarasota Bay. The location is just a short walk from some of Sarasota’s best & most popular restaurants; such as Owens Fish Camp, Hyde Park Prime Steakhouse, & Marina Jack.