Rare opportunity! Live, build or develop in downtown Sarasota! Located across from the Bayfront and just blocks from the heart of downtown, this prime property is part of the North Trail zoning district with optional North Trail overlay. The 12,360-square-foot double lot can accommodate 9 units/4 floors. This commercial zone is in a fast-growing urban neighborhood and allows for a wide range of uses, including—but not limited to— multi-family, mixed-use, retail, restaurant, hotel and office. Additional adjacent parcels are also available NOW, offering a rare opportunity to develop alongside other exciting new projects or to purchase additional square footage for a 1+ acre development project (HIGHER DENSITY). Subsidize expenses with rental income as your new development is planned. The property currently features a 1,916-square-foot main residence, a separate guest studio with full bath (rented at $2,500/mo.), and a spacious garage. The main home is in excellent, move-in condition, featuring 3 beds/2 baths, separate dining and den, original wood flooring, a wood-burning fireplace, crown molding, arched entrances, and storm windows. Both buildings have newer roofs; the updated studio has a new bathroom, plumbing and HVAC system. This very special property is also just across the street from scenic Whitaker Park, with its walking trails snaking alongside the picture-perfect Sarasota Bay, picnic pavilions, a new playground, and a fishing pier. It’s also a few blocks from the Bay Park Conservancy, 53 acres of city-owned land along Sarasota Bay that will establish a cultural and economic legacy for the region.