Waterfront Multifamily Condo Site - 82 Units

Vacant Land for Sale
Catylist Listing ID: 30421635
Property Subtypes: Multi-Family
Gross Land Area: 455,638 SF
Sale Price: $1,325,000
Unit Price: $2.91 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/13/2021

Overview / Comments

Zoned MULTIFAMILY 10+/- AC parcel that permits up to 10 units per acre. Nestled along Gottfried Creek with convenient access from SR-776. Potential for condos with boat dockage and water access to nearby Lemon Bay just a short ride away. Condos could feature bonus water views of the creek and preserve in the rear as well as the bay and distant Gulf of Mexico views from the upper floors. Very close to beaches, shopping and restaurants in the rapidly growing town of Englewood and the new master planned West Villages community.

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Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Charlotte County
Tax ID/APN: 412006127003
Zoning: RMF-10
Property Located Between: Venice and North Port
Property Visibility: Good
Legal Description: 06 41 20 PARCEL 4-5 9.91 AC M/L A PARCEL 140 FT X 80 FT IN SW COR LT 31 ALSO LOT 32 LESS A 66 FT X 150 FT PARCEL IN SW COR OF LOT 32 ALSO A 50 FT X 160 FT TRIANGLE ADJ TO SE COR OF LOT 32 398/63 660/560 660/558 859/95 E1567/1990 2129/2021-2022 ODN2746/1237 2873/1502 2873/1503 E3041/748 4155/350 E4214/1275
Largest Nearby Street: SR 776
Feet of Frontage: 675
Highway Access: I-75
Airports: Punta Gorda
Site Description: Raw Land with some trees and vegitation
Area Description: Primarily residential waterfront community close to Lemon Bay and Gulf of Mexico Beaches. Restaurants, Office and Retail nearby.
Lot Frontage: 675
Lot Depth: 659
Zoning Description: RMF-10 permits up to 10 units per acre (8.2 acres of the 10 zoned MF) with a 5 floor height restriction.
In Flood Plain?: Yes
Topography: Level
Soil Type: Mixed
Available Utilities: Electric, Water, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,426 18,073 35,088
Median Age: 59.33 62.01 60.94
Households: 2,381 9,541 17,931
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