Ellenton Outlets Development Opportunity - Restaurant

Vacant Land for Sale
Catylist Listing ID: 30468867
Property Subtypes: Retail, Retail-Pad
Gross Land Area: 1.63 Acres
Sale Price: $1,450,000
Unit Price: $889,570 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/12/2020

Overview / Comments

Corner restaurant parcel for up to a 10,000 SF restaurant. All retention will be underground, and parking will be shared through cross parking & cross access easements. 125 spaces or 12.5 per 1,000 SF are allocated for the restaurant.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 812701009
Zoning: PLANNED DEVELOPMENT-MIXED USE (PD-MU)
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 500,000 square feet of retail in the immediate vicinity that draws shoppers from Tampa, Sarasota and Bradenton.
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

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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
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