This charming 1-bedroom, 1-bathroom residence is located in the popular historic neighborhood of Gillespie Park. This furnished home is walking distance of Downtown Sarasota, making it an ideal choice for those looking to experience the city's vibrant heart. Being within city limits allows you the flexibility of weekly rentals and makes this property an incredible investment as a short term rental. Inside you'll find a convenient open floorplan and tile flooring throughout. Recent upgrades in 2021, include installation of central air conditioning and a new stainless steel refrigerator. Additionally, a convenient storage room is located at the rear of the home, equipped with both a washer and dryer as well as a window unit air conditioner. This versatile space provides ample room to tailor the living area to your specific preferences and needs. One of the standout features of this property is its zoning potential, allowing for the construction of up to a 3-story residence. In addition to a primary residential structure, an ancillary outbuilding is also permitted on each lot. Adding to its appeal, this property features dual access from two streets, enhancing its potential for future development. The large fully fenced yard ensures privacy and provides a secure space for outdoor activities. From this prime location, you'll enjoy unbeatable convenience, with easy access to downtown Sarasota, the beautiful Gulf beaches, St. Armands Circle, and the Sarasota-Bradenton International Airport. Whether you're seeking a cozy haven for yourself or a smart investment opportunity, this Sarasota home offers the best of both worlds!