Ellenton Outlets Development Opportunity - Parcel A

Vacant Land for Sale
Catylist Listing ID: 30468871
Property Subtypes: Retail, Retail-Pad, Other
Gross Land Area: 2.03 Acres
Sale Price: $1,295,000
Unit Price: $637,931 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/23/2021

Overview / Comments

The 7.8+/- acre site has been approved for up to a 50,000 SF movie theater, 330-room hotel and 120,000 SF of commercial retail development. This property could also be developed for a junior-box outlet store as the existing outlet mall has very few larger spaces available, restaurants, strip retail or self-storage.

These four proposed parcels can be purchased individually or together. Lot sizes can be adjusted as well. Seller would consider delivering finished buildings pads with shared retention if desired. You can also purchase the entire site and do a mixed-use project or sell off parcels as the master developer.

The next door Ellenton Outlet Mall draws over 4 million visitors annually and is one of the biggest shopping destinations in the region. The property is also located next to the Ellenton Ice and Sports Complex, which has two rinks and hosts hockey tournaments and figure skating events.

Manatee County continues to be one of the fastest growing regions in the country and much of this growth is along the US-301 corridor in Ellenton and Parrish. The significant amount new home construction to the east of this site has increased demand for retail, restaurants and entertainment options in this area.

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 812701009
Zoning: PLANNED DEVELOPMENT-MIXED USE (PD-MU)
Site Description: Northwest corner of the property is ideal for a 3-story 100,000+ SF self-storage building. Pad will be delivered rough-graded with all utilities and access road(s) stubbed out to the individual sites. Master underground retention provided by Seller in the shared parking area. Parking will be shared with cross parking and cross-access easements.
Area Description: The property is located at the entrance to the Ellenton Premium Outlets. The 7.8+/- acre site is located just off US-301 and Interstate 75. The Ellenton Outlet Mall is the single biggest shopping destination in the area and attracts over 4 million visitors annually. There is over 375,000 square feet of additional retail in the immediate vicinity that draws shoppers from Tampa, Sarasota and Bradenton. The "North River" market in Manatee County is one of the fastest growing areas in the region. There are over 23,000 new homes approved or under construction in the area that includes Ellenton, Palmetto and Parrish. With all that residential growth, a new elementary school, high school and charter school opened in 2019 and a proposed new State College of Florida campus is anticipated to be built in the coming years.
Zoning Description: Site approved for up to a 50,000 SF movie theater, 330-room hotel and 120,000 SF of commercial uses.
Part of Planned Development?: Yes

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,216 45,956 116,203
Median Age: 51.43 43.62 41.68
Households: 2,551 19,036 46,052
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.