628 N Orange Ave - Gillespie Park Development Opportunity
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628 N Orange Ave - Gillespie Park Development Opportunity
0.69 Acres of Residential Land Offered at $3,250,000 in Sarasota, FL 34236
Investment Highlights
- DTE zoning qualifies for Bonus Density program
- Buyer could keep one home and develop the other lots.
- Sarasota has been rated one of the best places to live in the country
- Zoning also allows for a mix use that includes commercial uses.
- Walkable to downtown Sarasota!
Executive Summary
This is an amazing assemblage of property fronting Orange Avenue in Gillespie Park with just over 30,000 square feet of land with 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 a development of up to 34 units and commercial development. Currently there are 3 single family homes plus an additional rental cottage on the property that can provide a good income as you plan your development. Gillespie Park was first developed in the early 1920’s, making it one of the oldest and most charming neighborhoods in Sarasota! It is walking distance to the Main Street area that includes numerous restaurants, shopping, hotels, theatre and entertainment venues. Gillespie Park also has a park with tennis and basketball courts, an off-leash dog park, a playground and more. The area is also very close to Marina Jacks, The Bay Park, Lido Key and the world famous St. Armand’s Key shopping area.
Property Facts
| Price | $3,250,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Conditions | Redevelopment Project | Total Lot Size | 0.69 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Price | $3,250,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.69 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $3,250,000 | Lot Size | 0.69 AC |
| Price Per AC | $4,715,229 |
| Price | $3,250,000 |
| Price Per AC | $4,715,229 |
| Lot Size | 0.69 AC |
The lot is 129 x 266 feet and is zoned Downtown Edge (DTE) and Downtown Neighborhood (DTN).
Description
The property is 30,024 SF with streets west and north sides and an alley on the south side making for an easy access and easy to develop these parcels. There are 3 single family homes plus an additional rental cottage. Rent the four units while you plan to develop the project.
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 2026-07-0060 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $393,718 |
PROPERTY TAXES
Parcel Number
2026-07-0060
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$393,718
zoning
| Zoning Code | DTE and DTN (DTE is Downtown Edge and DTN is Downtown Neighborhood, commercial and residential uses. The Bonus Density program allows up to 4 times = 100 / acre.) |
| DTE and DTN (DTE is Downtown Edge and DTN is Downtown Neighborhood, commercial and residential uses. The Bonus Density program allows up to 4 times = 100 / acre.) |
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Rico Boeras -
Ryan Miller -
Harry E Robbins Associates
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628 N Orange Ave - Gillespie Park Development Opportunity
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