HIGH DENSITY MULTIFAMILY LAND IN ENGLEWOOD!

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30463473
Property Subtypes: Multi-Family
Status: Pending/Contingent
Gross Land Area: 6.20 Acres
Sale Price: $1,950,000
Unit Price: $314,516 Per Acre
Sale Terms: Other
Last Updated: 9/27/2020

Overview / Comments

In March of 2019 the County approved a Unified Development Code Amendment that allows for 750/SF units or smaller to be considered ½ dwelling units which takes the potential density at Quails Run Blvd. to 161 units. The Seller will consider demolishing the existing infrastructure prior to closing.

This 6.2 acre site is ideally located just off S. Indiana Ave. is very close to restaurants, shopping and Lemon Bay. Another feature of this property is most of the horizontal engineering is currently in place, the cost of pulling and installing the water/sewer and life safety elements is valued at over $1,000,000, which also includes the site being up to grade with additional fill on site. The property is very quiet and abuts a well maintained sub-division named Quail Run. The location is ripe for new development as the area has seen strong residential leasing and sales over the past 2 years.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0853120004
Zoning: RMF3 - RESIDENTIAL, MULTIFAMILY
Property Located Between: Indiana Ave. to Quails Run Blvd., the site is on Quails Run Blvd. just east of Indiana Ave.
Property Visibility: Excellent
Largest Nearby Street: S. Indiana Avenue and East Dearbor Street
Highway Access: US-41 (S. Tamiami Trail)
Airports: Venice, SRQ

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,707 20,553 35,026
Median Age: 55.19 63.17 60.63
Households: 1,931 10,818 17,716
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