Land Development Opportunity on Fruitville Road inside City Limits

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 29720648
Property Subtypes: Multi-Family, Office, Residential (Single Family), Other
Status: Pending
Gross Land Area: 154,323 SF
Sale Price: $1,695,000
Unit Price: $10.98 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/15/2017

Overview / Comments

PROPERTY ZONED ORD. Which allows for Office, Residential, Group Living or a live work development, density as high as 25 Residential Units per acre together with up to 68,000 SF for Office. Contact Broker for more information on this opportunity, Property fronts to Fruitville road with approximately 50,000 Daily Traffic and is visible from Tuttle with and additional 22,000+ daily traffic. Close proximity to the downtown urban center of Sarasota but positioned for quick access to I-75. Click on the 5,10,15 Min Drive time map.

This is an "AS IS" sale of vacant land and is conditioned upon buyer conducting at it's sole expense all necessary studies and/or analysis it deems necessary. Buyer is solely responsible for the costs associated with all such studies as well as the costs of title policy and survey recertification.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2030-13-0029
Zoning: ORD
Market Type: Large
Property Located Between: Tuttle and Lockwood Ridge on Fruitville Road
Side of Street: North
Road Type: Highway
Property Visibility: Excellent
Legal Description: Legal Description LOTS 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 ,13 ,14, 15, 17, 19, 21, 23, 25, 27 & 29, BLK F, LESS R/W IN OR 1868/2422 PLAT OF AVION, CONTAINING 3.5 C-AC M/L
Largest Nearby Street: Fruitville
Feet of Frontage: 310
Transportation: Bus, Highway, Taxi, Other
Zoning Description: ORD Zoning See ORD allowable Uses in attached documentation, note information pulled from Municode on January 2015 and subject to changes by local municipality
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Sewer, Broadband

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,059 97,736 182,013
Median Age: 40.65 45.34 47.38
Households: 6,130 43,564 82,182

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