FUTURE COMMERCIAL SITE WITH SELLER FINANCING AVAILABLE

Vacant Land for Sale
Catylist Listing ID: 29828134
Property Subtypes: Agricultural, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 2.36 Acres
Sale Price: $995,000
Unit Price: $421,610 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 12/5/2018

Overview / Comments

The Seller owns 4.97 total acres of land in this parcel and is offering the front 2.36 acres, MOL, for sale. The property has approximately 421' of road frontage on SR64 E., four lane split roadway with street lights. An Ingress and Egress easement to rear remainder parcel is required as a term of this sale since the Seller currently lives onsite and plans to continue doing so. The remainder parcel of 2.03 acres, MOL, is also available for purchase.

The Florida DOT intends to construct a roundabout at this intersection (SR 64 E & Lorraine Road) about five (5) years from now in 2023. A temporary traffic light system has been installed at the intersection and it is to be activated on or about June 20, 2018..

The Seller will consider owner financing.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 5769.0000/7
Zoning: AGRICULTURAL
Market Type: Rural
Property Located Between: Rye Road and Lorraine Road
Side of Street: South
Road Type: Paved, Highway
Property Visibility: Excellent
Legal Description: COM AT NW COR OF SEC 3; TH S 89 DEG 32 MIN 00 SEC E ALG N LN OF SD SEC 3 A DIST OF 440.83 FT; TH S 00 DEG 42 MIN 10 SEC W 33.37 FT TO PT ON S R/W/L OF S R 64 (100 FT WIDE) FOR POB; TH CONT S 00 DEG 42 MIN 10 SEC W 633.58 FT TO PT ON S LN OF N1/2 OF NW1/4 OF NW1/4 SD SEC 3; TH S 89 DEG 28 MIN 55 SEC E ALG SD S LN A DIST OF 420.05 FT; TH N 00 DEG 16 MIN 01 SEC E 617.33 FT TO PT ON AFOREMENTIONED S R/W/L OF S R 64; TH N 89 DEG 32 MIN 00 SEC W ALG SD S R/W/L A DIST OF 146.04 FT TO P C OF SD R/W/L, BEING A CURVE, CONCAVE TO N HAVING A RADIUS OF 2198.59 FT, AN ARC DIST OF 270.62 FT TO POB. CONTAINING 6 AC, M/L, AS DESC IN OR 1101 P 2716 PRMCF. LESS OR 2081/34 DESC AS FOLLOWS: THAT PORTION OF THE W 1/2 OF THE NW 1/4 OF SEC 3, TWN 35S, RNG 19E BEING DESC AS FOLLOWS: COM AT THE NE COR OF THE W 1/2 OF THE NW 1/4 OF SEC 3; TH ALG THE E LN OF THE W 1/2 OF THE NW 1/4, S 00 DEG 01 MIN 31 SEC E, A DIST OF 0.35 FOOT TO THE SURVEY BASE LN OF STATE RD 64; TH ALG SD SURVEY BASE LN N 89 DEG 18 MIN 25 SEC W A DIST OF 466.69 FT; TH S 00 DEG 01 MIN 31 SEC E A DIST OF 50.00 FT TO THE S EXISTING R/W LN OF STATE RD 64 (PER SECTION 1305-250) FOR A POB; TH CONT S 00 DEG 01 MIN 31 SEC E A DIST OF 108.01 FT; TH N 89 DEG 18 MIN 25 SEC W A DIST OF 147.19 FT TO THE BEGINNING OF A CURVE CONCAVE NLY & HAVING A RAD OF 2,306.59 FT; TH ALG THE ARC OF SD CURVE TO THE RIGHT A DIST OF 267.99 FT THROUGH A C/A OF 06 DEG 39 MIN 25 SEC WITH A CHORD BEARING N 85 DEG 58 MIN 43 SEC W TO THE END OF SD CURVE; TH N 00 DEG 14 MIN 47 SEC W A DIST OF 109.00 FT TO SD S EXISTING R/W LN & TO THE BEGINNING OF A CURVE CONCAVE NLY & HAVING A RAD OF 2, 198.59 FT; TH ALG SD S EXISTING R/W LN THE ARC OF SD CURVE TO THE LEFT A DIST OF 269.85 FT THROUGH A C/A OF 07 DEG 01 MIN 57 SEC WITH A CHORD BEARING S 85 DEG 47 MIN 27 SEC E TO THE END OF SD CURVE; TH CONT ALG SD S EXISTING R/W LN S 89 DEG 18 MIN 25 SEC E A DIST OF 145.84 FT TO THE POB. CONTAINING 1.030 AC. PI#5769.0000/5
Largest Nearby Street: Lorraine Road
Feet of Frontage: 421
Transportation: Highway
Highway Access: Shell Driveway
Site Description: Rural Setting, many trees, mobile home on property
Area Description: Just 2.45 miles east from Lakewood Ranch Blvd on SR64 East in area of exploding growth. Large developments in every direction.
Lot Frontage: 421
Lot Depth: 512
Zoning Description: A
Topography: Gently Sloping
Easements Description: As a condition of sale of the (front)
Soil Type: Sandy
Available Utilities: Electric, Water, Sewer

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 10,150 53,926
Median Age: 45.58 45.6
Households: 3,687 20,993

Contact

Photograph of Listing Agent

Daniel Douglass

J. DANIEL DOUGLASS
MFCRE Member
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