Located in the highly sought-after downtown area of Sarasota, this vacant corner lot offers an exceptional opportunity for investors, builders, and developers to create a custom property in one of the city's most desirable locations. Just steps from Gillespie Park and the sparkling waters of Sarasota Bay, this rare 50' x 101' corner lot offers endless potential. Zoned Downtown Neighborhood (DTN), the property allows for a variety of development opportunities. The DTN district is primarily residential and permits single-family or multi-family residential dwellings with a density of up to 12 units per acre. In addition to a primary residence, an ancillary outbuilding is also permitted on the lot. Limited low-intensity office, retail, and lodging uses may also be allowed, with retail specifically permitted on corner lots - making this property especially attractive due to its visibility and accessibility. The zoning also supports neighborhood-friendly nonresidential uses that complement the surrounding residential character. Building heights are permitted up to three stories, and design elements such as porches, terraces, and decorative fencing help create an inviting urban streetscape. Ideally situated in the heart of downtown Sarasota, the property is just minutes from renowned dining, shopping, entertainment, and cultural attractions, while also providing convenient access to Sarasota Bay and the recreational amenities of Gillespie Park. Whether envisioning a private residence, income-producing property, or mixed-use development, this lot presents a rare opportunity in a rapidly growing downtown market. Located in Flood Zone X, flood insurance is typically not required by lenders, offering added peace of mind and potential savings for future owners. Buyer to verify all zoning, land use, flood zone information, and development possibilities.