Mixed-Use Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30475234
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad
Gross Land Area: 5 - 66 Acres
Sale Price: $1,000,000 - 18,000,000
Land Splits Available: Yes
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/20/2020

Overview / Comments

Pearl Commercial is proud to present an exclusive opportunity to assemble up to
66.81 acres for a new development. Assemblage consists of twelve 5 +/- acre
parcels that can be purchased separately. The land is currently zoned OUE, with
efforts underway to seek Planned Commerce Development District (PCD). The
PCD provides for coordinated mixed use developments including industrial,
commercial, office, educational, civic, institutional, residential and service uses.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0378050001, 0378040001, 0380080001, 0380090001
Zoning: OUE [EFFORTS UNDERWAY TO SEEK PLANNED COMMERCE DEVELOPMENT DISTRICT (PCD)]
Property Located Between: I-75 and Laurel Road
Property Visibility: Excellent
Largest Nearby Street: I-75
Feet of Frontage: 1,400
Traffic/Vehicle Count: 84,000
Highway Access: Conveniently situated on Twin Laurel Boulevard immediately off Interstate 75.
Site Description: Up to 66.81 acres, consisting of twelve 5 +/- acre parcels that can be purchased separately. The land is currently zoned OUE, with efforts underway to seek Planned Commerce Development District (PCD). The PCD provides for coordinated mixed use developments including industrial, commercial, office, educational, civic, institutional, residential and service uses.
Area Description: Located in Nokomis, Florida, in the North Port-Sarasota-Bradenton Metropolitan Statistical Metro Area. Nokomis Land opportunity is strategically located at the northwest intersection of I-75 and Laurel Road, the gateway to the City of Venice. Immediately across the street from the new Sarasota Memorial Hospital – Venice, under construction with a planned completion date of Fall 2021. and surrounded by several residential communities. An investor can benefit from acquiring a large amount land in a fast growing area and ideal location just off Interstate 75. Conveniently situated on Twin Laurel Boulevard immediately off Interstate 75, which features an average daily traffic count of 84,000 vehicles per day. Within in 5 miles of the opportunity the 2018 population is 167,531 and average household income is $78,421, projected to grow to 178,837 and $95,021 by 2023. The surrounding vicinity highlights a fantastic blend of residential homes and nationally recognized retailers. McDonald’s and Publix Supermarket are directly across the street and more are expected in the near future to support the burgeoning population growth. This opportunity is located just 5 miles from Nokomis beach and less than 3 miles from the Venetian Golf and Country Club. It is less than a mile from Laurel Nokomis High School. Located 2 miles away from the Tervis and PGT Headquarters. Within 3 miles there are 7 residential neighborhoods with additional developments being planned in the area. New developments include Toscana Isles by DR Horton, Calusa Park Development and Milano by Neal Communities. It is located just 5 miles north of historic Venice which boasts, Italian Renaissance buildings and Mediterranean style shops. Adjacent to the new sheriff support center under construction as well. Nokomis is a submarket of Venice within the North Port-Sarasota-Bradenton Metropolitan Statistical Metro Area.
Lot Frontage: 1400' +/-
Lot Depth: 2600' +/-
Zoning Description: The land is currently zoned OUE, with efforts underway to seek Planned Commerce Development District (PCD). The PCD provides for coordinated mixed use developments including industrial, commercial, office, educational, civic, institutional, residential and service uses.
Topography: Level
Available Utilities: Electric

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,741 27,024 64,095
Median Age: 62.56 64.08 62.59
Households: 1,399 14,332 33,156

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