+/-4.74 Acres w/ 2 Homes - $50,000 BUYER CREDIT! Owner Financing!

Vacant Land for Sale
Catylist Listing ID: 30206373
Property Subtypes: Multi-Family, Office, Residential (Single Family), Other
Gross Land Area: 4.74 Acres
Sale Price: $895,000
Unit Price: $188,818 Per Acre
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 6/20/2018

Overview / Comments

YOU WON'T FIND ANOTHER OPPORTUNITY LIKE THIS! VERY RARE! IDEAL FOR SAVVY INVESTORS LOOKING TO "FIX AND FLIP" or DEVELOPERS LOOKING FOR REDEVELOPMENT OPPORTUNITIES!

OWNER FINANCING AVAILABLE AND UP TO $50K IN CREDITS!

+/-4.74 acres of OUE (Horses permitted) zoned land with 2 homes on the property currently producing income. This is a unique opportunity for investment or possible redevelopment purposes. +/-277' of frontage with direct access from Englewood Rd. and over +/-800' deep with additional access from Stoner Rd. OUE zoning means you can bring your horses!

Sellers are open to contributing up to $50,000 in additional credit at closing to be used for home repairs, rezoning purposes or whatever you may need!

**Home 1: 6bdr/4bathr that was previously used as an ALF. Partially rented with month-to-month tenants in place. Home is in need of some TLC, but holds great opportunity for the right Buyer.

**Home 2: 3bdr/2bathr Single-Family home currently rented on an annual basis.

The value is in the land! Sarasota County says future land use qualifies under Office/Multi-Family Residential zoning which would allow for any office, professional, or institutional development, as well as a number of Residential zonings to suit your needs. The options are almost endless!

Buy and redevelop or give the homes the attention they need and make $$$!

Contact listing agent for more information!

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0480050007
Zoning: OUE
Property Located Between: Stoner Rd. and Donovan Rd.
Property Visibility: Excellent
Largest Nearby Street: Englewood Rd
Feet of Frontage: 277
Lot Frontage: 277
Lot Depth: 834
Zoning Description: OUE with a Future Land Use of OFF/MF

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,944 23,029 56,979
Median Age: 64.92 57.35 59.29
Households: 1,018 11,300 28,263

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