Description

Discover a rare multifamily investment opportunity on the near north side of Sarasota, located in the heart of the highly sought-after Central Cocoanut Historic District. This unique offering includes two adjacent parcels, providing exceptional flexibility for investors, developers or someone interested in a large single-family home with room to expand. One parcel features a solid masonry three-bedroom, two-bathroom home complete with a one bed, one bath, 566 square foot in-law suite created from a garage conversion. The home is a split plan and two of the bedrooms are 'en-suite. All three bedrooms have exterior access. The kitchen is bright and updated and opens to the shared lanai and utility room. In addition to the 'in law suite there is an attached 220 square foot studio, offering creative or rental potential. The neighboring parcel is a vacant lot, also zoned for multifamily use-giving you the freedom to design and build to suit your vision. Together, the properties allow for up to five total units, making this an ideal opportunity to expand your rental portfolio or develop a custom income-producing property in a prime location. Situated in a vibrant, walkable neighborhood with bike lanes, you'll enjoy easy access to downtown Sarasota, along with its renowned dining, shopping, arts, and cultural amenities. The Ringling College of Art and design is just a few blocks away and the adjacent North Trail Corridor is experiencing some of Sarasota's most dynamic development. A short 10-minute drive over the Ringling bridge lands you in St. Armands Circle and the beaches of Lido and Longboat Key.