Land Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30723386
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 207,544 SF
Sale Price: $3,250,000
Unit Price: $15.66 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/27/2021

Overview / Comments

The property is a total of 2 parcels with 207,544 total square feet. This 4.77-acre parcel is located directly behind the Bath & Racquet Club of Sarasota, which has been recently sold for redevelopment. The property is zoned Residential Single Family (3.5-Rsf2). This type of zoning allows for 2, 2.9 and 4.3 dwelling units per acre respectively.

The site is located near busy US-41, downtown Sarasota, St. Armand’s, Longboat Key, and other Bay Front communities. The surrounding area has seen a significant amount of new development including several new apartment buildings, office buildings, and retail space. The continued development of residential single-family homes, and multi-family near the subject site, makes this a highly desired area.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0074110062, 0074110063
Zoning: RSF2
Property Located Between: US-41 & S School Ave.
Legal Description: Parcel A: 0074-11-0063 Parcel B: 0074-11-0062
Largest Nearby Street: US-41
Highway Access: US-41 & I-75

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,162 78,710 160,711
Median Age: 45.83 50.66 49.02
Households: 3,880 37,674 74,918

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