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Endless possibilitiies with this special property in highly desireable location near downtown. Utilize this existing duplex as an investment property while subdiving and getting permits for building. Plenty of upside in the increasing... more.ly popular Gillespie park area near downtown. Build out properties and build gorgeous modern homes for resale or a home with a gust house. The exterior of the unit is surrounded by mature lush tropical landscaping. The property is located in the heart of the 10 acre Gillespie Park. The neighborhood has no rules, major rental restrictions, or HOA fees. Unmatched location and amenities and undoubtedly the best value in the neighborhood just seconds from downtown Sarasota proper, restaurants, shopping, theaters, and the Bay front. Walking distance to the Rosemary district and the historic Gillespie park which features a statue gallery of patriots, 3 tennis courts, an off leash canine park, fitness trail/fitness areas, duck pond and super safe with a police sub-station right down the street. The property Is located in the DTE zone. The Downtown Edge (DTE) district is a densely mixed-use area. Residential dwellings may be single-family or multiple-family and may include mixed-use structures that provide for live-work opportunities. Residential dwellings may be built to a maximum density of 25 dwelling units per acre. A few vacant lots nearby have sold for $430k+ each in the last year. Take advantage of this wonderful investment opportunity while it lasts! Main lot measures 100 feet by 100 feet.