Multi-Family Land, EXCELLENT EXPOSURE! Must Be Sold!

Vacant Land for Sale
Catylist Listing ID: 1511937
Property Subtypes: Multi-Family
Gross Land Area: 29,556 SF
Sale Price: $500,000
Unit Price: $16.92 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2019

Overview / Comments

4 lots, totaling +/-29,556sf (0.67ac mol), zoned RMF-3 (13 units/acre) with the potential to rezone to other commercial zonings. Great exposure, high traffic counts and minutes from all the action in the quickly growing community of North Port!

Nicely situated just South of "Warm Mineral Springs", a major tourist attraction in North Port, off of Tamiami Trail and easily accessible via North Highway Dr., access road. Lots are BOTH CORNER LOTS and situated at the intersection of Saragossa Dr. and Santa Cruz Lane. A densely populated residential neighborhood sits behind this property with average household incomes.

Future Land Use slated for Office/Multi-Family Residential with implementing zoning districts of CM, OPI, RSF-4, RMF-1, RMF-2, RMF-3, MP and GU, according to the Sarasota County FLUM. Tons of potential for development on this site!



NOTE: 4 additional contiguous lots available for a total of +/-59,556sf or 1.35ac mol with around 300' of frontage at additional cost!

Contact Listing Agent for more information.

Corner of US41 and Saragossa Lane in North Port.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Zoning: RMF-3
Property Located Between: Saragossa Ln and US41
Property Visibility: Excellent
Largest Nearby Street: Tamiami Trail
Feet of Frontage: 300
Highway Access: Direct access to US41/Tamiami Trail
Zoning Description: RMF-3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,386 38,305 68,812
Median Age: 65.24 62.4 60.74
Households: 1,262 19,442 35,085


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