Development Opportunity in Lakewood Ranch with I-75 Visibility

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30217194
Property Subtypes: Multi-Family, Office, Other
Status: Pending
Gross Land Area: 18 Acres
Sale Price: $4,000,000
Unit Price: $222,222 Per Acre
Sale Terms: Cash to Seller
Last Updated: 6/24/2018

Overview / Comments

This property boasts visibility from I-75 and proximity to Lakewood Ranch. GDP in place with entitlements for:
• 160 multifamily units, or
• 234 Assisted Living units and 30,000 sf of office, or
• 100,000 sf of office

This Business Park boasts site work in place. The total site consists of approximately 20.47 gross acres, 18 buildable acres. The Center currently hosts 31, 500+/- sf of Office Condominiums in 4 - one story buildings. These buildings are part of a Condo Association and owned separately. Owners/ Tenants consist primarily of Medical and general professional office users. These buildings are not part of the offering.

Property is located adjacent to Lakewood Ranch, an upscale residential and commercial master planned community. Access is provided by Town Center Parkway, a 4 lane divided main commercial road. Several modern office buildings are close by including General Electric Security, Gevity, Dawson Insurance, The Commcenter, and Hanson Engineering. The property is in Manatee County near the Sarasota/Manatee county line, off University Parkway. The Lakewood Ranch Medical Center, a 120 bed hospital, is less than a mile away. I-75 nearest exit 213 is just one mile. The Sarasota-Bradenton airport is 8 miles. This development is close to shopping and the new University Town Center, restaurants, golf, and other recreation. The property is outside the tax and administrative SMR Lakewood Ranch district minimizing tax impact and design control.

The property is outside the tax and administrative SMR Lakewood Ranch district minimizing tax impact and eliminating design control.

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 1918502109
Zoning: PDMU
Property Located Between: Town Center Parkway & River Oak Run
Property Visibility: Good
Legal Description: A TRACT OF LAND LYING IN SEC 36, TWN 35S, RNG 18E AND DESC AS FOLLOWS:COM AT NE COR OF SD SEC 36; TH S 01 DEG 15 MIN 17 SEC W, ALG ELY LN OF NE1/4 OF SD SEC 36, ALSO BEING ELY LN OF A TRACT OF LAND DESC IN OR BK 1582, PG 626, A DIST OF 1532.94 FT TO SE COR OF SD TRACT; TH N 88 DEG 43 MIN 57 SEC W, ALG SLY LN OF SD TRACT, ALSO BEING NLY LN OF LAKEWOOD RANCH TOWN CENTER PH I, SUBPHASE B, A/K/A OFFICE PARK, A COMMERCIAL SUB AS REC IN PB 34, PG 37, A DIST OF 595.80 FT TO POB; TH CONT N 88 DEG 43 MIN 57 SEC W, ALG SD LN, A DIST OF 774.51 FT TO ELY R/W LN OF PREMISES CONVEYED TO STATE OF FLORIDA, DEPT OF TRANSPORTAION BY ORDER OF TAKING DTD APRIL 21, 1977 AND REC IN OR BK 842, PGS 172-179, ALSO KNOWN AS SR 93 (INTERSTATE 75); TH N 13 DEG 40 MIN 23 SEC W, ALG SD ELY R/W LN, A DIST OF 1225.86 FT; TH N 76 DEG 19 MIN 35 SEC E, A DIST OF 274.25 FT TO PT OF CURVATURE OF A CURVE TO LEFT HAVING A RADIUS OF 300.0 FT AND C/A OF 45 DEG 41 MIN 16 SEC; TH NELY ALG ARC OF SD CURVE, AN ARC LENGTH OF 239.22 FT TO PT OF TANGENCY OF SD CURVE; TH N 30 DEG 38 MIN 19 SEC E, A DIST OF 33.78 FT; TH S 50 DEG 43 MIN 58 SEC E, A DIST OF 244.57 FT; TH S 05 DEG 54 MIN 39 SEC E, A DIST OF 136.76 FT; TH S 32 DEG 08 MIN 21 SEC E, A DIST OF 128.86 FT; TH S 21 DEG 08 MIN 51 SEC E, A DIST OF 244.65 FT; TH N 87 DEG 58 MIN 00 SEC E, A DIST OF 131.87 FT TO PT OF CURVATURE OF A CURVE TO LEFT HAVING A RADUS OF 234.0 FT AND A C/A OF 02 DEG 54 MIN 37 SEC; TH ELY ALG ARC OF SD CURVE, AN ARC LENGTH OF 11.89 FT TO END OF SD CURVE; TH S 02 DEG 02 MIN 00 SEC E, A DIST OF 50.30 FT; TH S 87 DEG 58 MIN 00 SEC W, A DIST OF 126.42 FT; TH S 21 DEG 08 MIN 51 SEC E, A DIST OF 50.05 FT; TH S 09 DEG 04 MIN 12 SEC W, A DIST OF 433.80 FT; TH S 42 DEG 30 MIN 34 SEC E, A DIST OF 390.98 FT TO POB. TOGETHER WITH ACCESS AND UTILITIES EASMT DESC AS FOLLOWS: A TRACT OF LAND LYING IN SEC 36, TWN 35S, RNG 18E AND DESC AS FOLLOWS: COM AT NE COR OF SD SEC 36; TH S 01 DEG 15 MIN 17 SEC W, ALG ELY LN OF NE1/4 OF SD SEC 36, ALSO BEING ELY LN OF TRACT OF LAND DESC IN OR BK 1582, PG 626, A DIST OF 1532.94 FT TO SE COR OF SD TRACT; TH N 88 DEG 43 MIN 57 SEC W, ALG SLY LN OF SD TRACT, AND NLY LN OF LAKEWOOD RANCH TOWN CENTER PH I, SUBPHASE B, A/K/A OFFICE PARK, A COMMERCIAL SUB AS REC IN PB 34, PG 36, A DIST OF 336.58 FT TO NW COR OF TOWN CENTER PKWY AS SHOWN OF SD PLAT OF TOWN CENTER PH I, SUBPHASE B, A/K/A OFFICE PARK, SD PT ALSO BEING SE COR OF A 10 FT WIDE FPL UTILITY EASMT REC IN OR BK 1656, PG 3789; THE FOLLOWING 4 CALLS ARE ALG ELY LN OF SD 10-FT FPL EASMT; TH N 01 DEG 15 MIN 38 SEC E, A DIST OF 69.37 FT TO PT OF CURVATURE OF A CURVE TO RIGHT HAVING A RADIUS OF 400.0 FT AND A C/A OF 35 DEG 14 MIN 25 SEC; TH NLY ALG ARC OF SD CURVE, AN ARC LENGTH OF 246.02 FT TO PT OF REVERSE CURVATURE OF A CURVE TO LEFT HAVING A RADIUS OF 300.0 FT AND A C/A OF 77 DEG 39 MIN 57 SEC; TH NLY ARC OF SD CURVE, A DIST OF 406.66 FT TO PT OF TANGENCY OF SD CURVE; TH N 41 DEG 09 MIN 55 SEC W, A DIST OF 269.10 FT TO POB; TH S 48 DEG 50 MIN 05 SEC W, A DIST OF 76.08 FT TO PT OF CURVATURE OF A CURVE TO RIGHT HAVING A RADIUS OF 210.0 FT AND A C/A OF 39 DEG 07 MIN 55 SEC; TH WLY ALG ARC OF SD CURVE, AN ARC LENGTH OF 143.43 FT TO PT OF TANGENCY OF SD CURVE; TH S 87 DEG 58 MIN 00 SEC W, A DIST OF 46.11 FT; TH N 02 DEG 02 MIN 00 SEC W, A DIST OF 50.30 FT TO PT OF CURVATURE OF A NON-TANGENT CURVE TO LEFT, OF WHICH THE RADIUS PT LIES N 04 DEG 56 MIN 37 SEC W, A RADIAL DIST OF 234.0 FT; TH ELY ALG ARC OF SD CURVE, THROUGH A C/A OF 36 DEG 13 MIN 17 SEC, AN ARC LENGTH OF 147.93 FT TO PT OF TANGENCY OF SD CURVE; TH N 48 DEG 50 MIN 05 SEC E, A DIST OF 74.36 FT TO PT ON ABOVE MENTIONED ELY LN OF A 10-FT FPL EASMT; TH S 41 DEG 09 MIN 55 SEC E ALG SD WLY LN, A DIST OF 70.0 FT TO POB. (1955/2767) (2183/2767). LESS PROFESSIONAL CENTER AT LAKEWOOD RANCH A CONDO (PHASE 7) PER DECL OF CONDO REC OR 2198 PG 1124 DESC AS FOLLOWS: A TRACT OF LAND LYING IN SEC 36, TWN 35S, RNG 18E, DESC AS FOLLOWS: COM AT NE COR
Largest Nearby Street: University Parkway
Highway Access: I-75
Airports: Sarasota-Bradenton
Site Description: Directions: The subject property is located west of Town Center Drive at 77th Terrace in the Lakewood Ranch area, Bradenton, Manatee County, Florida. Heading East on University Parkway, make a left at the second traffic light (Town Center Parkway). After approximately 1 miles make a left at 77th Terrance into the Professional Center at Lakewood Ranch.
Area Description: Property is located in Lakewood Ranch, an upscale residential and commercial master planned community. Access is provided by Town Center Parkway, a 4 lane divided main commercial road. The property is in Manatee County near the Sarasota/Manatee county line, off University Parkway. The Lakewood Ranch Medical Center, a 120 bed hospital, is just over a mile away. LECOM, an Osteopathic Medical College, for physicians, pharmacists and dentists is just 6+/- miles away. I-75's nearest exit 213 is approximately two miles. The Sarasota-Bradenton airport is 8 miles. This development is close to shopping and the new UTC Mall.
Zoning Description: PDMU
Development Name: Multi Family Development Site - Great LWR Location

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,626 44,583 115,221
Median Age: 42.45 52.6 48.06
Households: 1,591 20,581 50,472

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