Unique Infill Multifamily Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30534549
Property Subtypes: Multi-Family
Gross Land Area: 2.89 Acres
Sale Price: $750,000
Unit Price: $259,515 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/25/2023

Overview / Comments

A unique infill multifamily development opportunity! This 2.89 acres parcel is zoned PD-MU and is entitled for 87 multi-family units. A General Development Plan has been approved by the city of Palmetto. The site is located just north of downtown Palmetto, an area that has significant demand for additional multi-family units.

• 2.89 Acres
• General Development Plan Approved
• Excellent Location
• Approved for 87 units
• 4 story building
• Conceptual plans available
• 160 Parking Spaces

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 2422200159
Zoning: PD-MU
Property Visibility: Excellent
Area Description: Parcel located on US Business 41 just south of 26th street west
Zoning Description: PD-MU

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,231 41,652 133,111
Median Age: 37.16 43.8 43.62
Households: 3,191 16,655 54,257


Photograph of Listing Agent

Melissa Dawn Harris

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