1001 Washington Blvd Sarasota, FL 34236

Investor/developer alert! This exceptional opportunity presents a vacant, 4,236 square foot, Class B office building situated on a 25,830 square foot lot in Sarasota, Florida's vibrant Gillespie Park neighborhood. The property, located at 1001 N Washington Blvd, boasts a desirable Downtown Edge (DTE) zoning designation, offering unparalleled flexibility for redevelopment. With no minimum setback and a maximum ten-foot setback along 10th Street, along with no maximum building coverage, the site allows for creative and expansive designs. The zoning permits a range of development options, including duplexes, live-work spaces, commercial buildings, or mixed-use projects. The property's high-density potential allows for up to 56 units, making it ideal for multi-family or mixed-use development, potentially enhanced by an affordable density bonus. This seven-story building currently features 56 units. The property's prime location offers easy access to Sarasota's downtown core, including marinas, restaurants, shops, and cultural attractions, as well as world-class beaches. The surrounding Gillespie Park provides residents with a 10-acre park featuring amenities such as tennis courts, a dog park, playground, basketball courts, and a serene lake. The property's proximity to the $150 million THE BAY project further enhances its investment appeal. The asking price is $2,650,000. This is a rare opportunity to acquire a significant property in a rapidly developing area.