Burns Square Development Opportunity
Vacant Land
for Sale
| Catylist Listing ID: |
30582063 |
| Property Subtypes: |
Multi-Family, Office, Retail
|
| Gross Land Area: |
1.85 Acres
|
| Sale Price: |
$10,750,000 |
| Unit Price: |
$5,810,810 Per Acre |
| In Opportunity Zone? |
Yes |
| Sale Terms: |
Cash to Seller |
| Last Updated: |
9/24/2020 |
Overview / Comments
|
This property consists of 3 parcels totaling 1.85 Acres and spanning a full city block stretching 408 feet of frontage along South Orange Avenue from Laurel St. to Morrill St. The property is zoned Downtown Core (DTC) which allows up to 50 units per acre and a max of 10 story height, thus allowing for up to 92 residential units on the site. Retail and Office are also allowed within the zoning and could be combined with the Residential building.
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Additional Details
| Nearest MSA: |
North Port-Sarasota-Bradenton |
| County: |
Sarasota |
| Tax ID/APN: |
2027100027, 2027100026, 2027100052 |
| Zoning: |
DTC - DOWNTOWN CORE |
| Property Located Between: |
This site is one of the last remaining land parcels in the Downtown Area with enough land mass to host a large scale residential or mixed use project. Located along South Orange Avenue, the site not only enjoys beautiful sunset and potential waterfront views, but it also provides the quaint feel provided from the neighboring Burns Square District to the west and Laurel Park to the east. With retail and restaurants abundant throughout the district and only a few minutes walk to Main St. and the heart of Downtown, this site offers the perfect balance of the Downtown Lifestyle and the quiet, secluded neighborhood feel. It also also located within an Opportunity Zone giving potential tax incentives for the development project. |
| Largest Nearby Street: |
US-41 and S. Washington Blvd. |
| Feet of Frontage: |
408 |
| Highway Access: |
US-41 and US-301 |
| Airports: |
SRQ |
| Lot Frontage: |
408 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
10,975 |
80,105 |
163,423 |
| Median Age: |
47.98 |
45.7 |
48.38 |
| Households: |
5,422 |
36,097 |
75,624 |
|
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