Church Facility or Multi-Family Development Site For Sale

Vacant Land for Sale
Sale Pending
Also listed as Special Purpose
Catylist Listing ID: 28244890
Property Subtypes: Multi-Family, Other
Status: Pending
Gross Land Area: 3.60 - 4.90 Acres
Sale Price: $1,200,000
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/6/2017

Overview / Comments

Great opportunity to purchase a functioning Religious Institution Property. The property currently has nearly 5 acres and contains 2 buildings
1)Sanctuary
2)Sunday school rooms/Fellowship center)

Buildings total nearly 13,000 SF

The property could be purchased and developed as highly desirable multifamily land. It is currently zoned RMF-1 with ability to change to RMF-2 without having to change future land use on the comprehensive plan which would allow at least 30 units on property as sits and 45 units without changing Future Land Use.

A rezone to higher density use is possible as the property is flanked by a RM5 (25 units per acre) parcel.

Roughly 3.6 acres could be split from the whole property leaving the church buildings intact on 1.3 Acres and the rest developable for multifamily.

Additional Details

Nearest MSA: North Port-Bradenton-Sarasota
County: Sarasota
Tax ID/APN: PID# 2022 02 0010
Zoning: RMF1
Development Name: 3308 17th St

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,770 97,021 178,421
Median Age: 42.97 45.36 47.07
Households: 6,084 43,145 80,023

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