University Parkway Hotel Site with Site Plan Approval

Vacant Land for Sale
Catylist Listing ID: 30814688
Property Subtypes: Hospitality
Gross Land Area: 2.53 Acres
Sale Price: $2,800,000
Unit Price: $1,106,719 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/7/2022

Overview / Comments

Approved IHG Staybridge Suites hotel site off University Parkway. Offering includes all engineered plans, reports, studies and final site plan approval from Manatee County. This location is the last available parcel in the Town Center at University Groves development that includes over 1,000 single family homes and Townhomes, 440 market rate apartments, 236 Independent 55+ apartments under construction and major restaurant and retail establishments such as Starbucks, Dunkin Doughnuts, Culvers, Sonic, Fuzzy Tacos, ABC Liquors, and CVS Pharmacy & Drugstore.

The property is primarily filled to grade with utilities to the site.

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 2040500369
Property Located Between: Bradenton and Sarasota
Property Visibility: Excellent
Legal Description: UNIT 38, TOWN CENTER AT UNIVERSITY GROVES MASTER LAND CONDOMINIUM PH V, REVISION I PI #20405.0845/9
Largest Nearby Street: University Parkway
Feet of Frontage: 275
Airports: Sarasota Bradenton International Airport
Site Description: Cleared and ready for development
Area Description: Infill site surrounded by high density residential, medical, retail and office.
Lot Frontage: 275
Lot Depth: 380
Zoning Description: PD-MU with entitlements in place to for up to 120 hotel units.
Topography: Level
Easements: Utilities
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,786 68,261 186,567
Median Age: 54.99 44.97 46.38
Households: 1,778 29,254 82,717

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