The Gables of Gillespie

1664 9th St, Sarasota, FL 34236
$475,000 Price
$158,333 Price Per Unit
6.63% Cap Rate
3 Number of Units
1,289 Building SF
5,000 Land SF

Dreznin Pappas Commercial Real Estate, LLC

Investment Highlights

  • Three income producing units at The Gables of Gillespie allow for investor returns and long term growth. While the property is well maintained and can be utilized as rental units moving forward, the DTN zoning allows for a lot of possible uses in redevelopment scenarios.

Location Summary

  • The Gables of Gillespie is located in an Oasis off of downtown Sarasota. Just a short walk to Gillespie Park, where residents can walk their dogs, play pickleball, shoot hoops, have a picnic, etc.
  • A little further walk, bike ride or vehicle trip will take you to downtown and all it has to offer, including grocery (Publix, Whole foods, Aldi) options, restaurants, amenities and even better your tenants are just 3 blocks from the bayfront, sunsets, boat access and more.

Location & Neighborhood

Copyright © CREOP, LLC. All Rights Reserved.