House in Sarasota, Florida 2 bedrooms, 95.13 sq.m. № 2450492

Property description

PRIME ARLINGTON PARK REDEVELOPMENT OPPORTUNITY — LOCATION, LOCATION, LOCATION! Rare opportunity to acquire an oversized 8,580 sq. ft. lot in Sarasota’s highly desirable Arlington Park neighborhood! This property offers outstanding potential for builders, developers, and seeking a premium location for new construction. The existing Florida bungalow provides potential rental income while you plan your next project. Envision a stunning custom residence of 3,000+ square feet with a private pool and spacious backyard, subject to applicable zoning, setbacks, and permitting requirements.The property offers the potential for rental income through March, 2027 with the possibility of extending the tenancy by mutual agreement. An attractive opportunity to generate income to help cover carrying costs while evaluating redevelopment plans and pursuing permits. The real opportunity is the LAND, the LOCATION, and the POTENTIAL! Arlington Park is a sought-after Sarasota neighborhood with convenient access to downtown Sarasota, shopping, dining, parks, and area beaches.