2,741 Square Foot Multi-Family Space For Sale @ 509 Golden Gate Pt

A GOLDEN REDEVELOPMENT OPPORTUNITY or perfect location to build your unique signature dream home. Surrounded by Sarasota Bay is the brick-lined circle of luxury living that is Golden Gate Point. This property is zoned RMF5 which allows 25 Units per Acre and offers a peekaboo view of Sarasota Bay and Marina Jacks. Current Use is a Four-Plex consisting of three 1 bedroom/1 bathroom units and one efficiency unit, with an on-site coin operated Laundry Room in one 2,741 sq. ft. solid concrete block building, built in 1950, on a 7,200 sq. ft. parcel of land. There are underground utilities with separate electric meters for each unit and one water meter for the property. A new hip roof was installed in December 2011. All units are currently rented and the leases are month to month. The value is based on location - Golden Gate Point is a world class community located just minutes to Downtown Sarasota, Lido Beach, St. Armand's Circle, Longboat Key, and the Ritz Carlton. Sarasota Zoning Code - Sec. VI-305 for the Alternative Lot Size, Building Setbacks/Coverage for GGP is attached.