1860 7th St 1,568 SF Specialty Building Offered at $1,026,130 CAD in Sarasota, FL 34236

This Gillespie Park duplex presents a compelling investment opportunity in the heart of Sarasota’s vibrant downtown neighborhood. The property consists of two well-maintained two-bedroom, one-bath residences totaling approximately 1,568 square feet on a 7,500-square-foot lot. Both units are configured for rental income, offering immediate cash flow potential. The front unit features a long-term tenant, ensuring occupancy stability, while the rear unit is ready for short-term or long-term leasing strategies.
Recent capital improvements include a new roof installed in 2017, updated sewer and water lines within the past three years, and modern enhancements to both residences. The DTN (Downtown Neighborhood) zoning allows for redevelopment potential subject to city approvals, making this property attractive for investors seeking future upside. Located directly across from the 10-acre Gillespie Park and within walking distance to downtown Sarasota, residents enjoy proximity to cultural venues, dining, shopping, and waterfront attractions. With Payne Park, the Legacy Trail, and numerous recreational amenities nearby, this property combines income-producing capability with long-term growth prospects in one of Sarasota’s most desirable neighborhoods.