14+/- Acre Residential Development Site

Vacant Land for Sale
Catylist Listing ID: 30744498
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 14 Acres
Sale Price: $2,400,000
Unit Price: $171,428 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/21/2022

Overview / Comments

Beautiful wooded residential development site nestled in the trees just north of Laurel Road with extensive frontage along the very popular Legacy Trail, this infill site is in a great location with easy access to all points north and south. This property and location would be ideal for single family development, or for villas or townhomes. Current zoning is RSF-2 allowing for up to 3.5 units per acre or a maximum of 49 units. Sellers would consider giving time for rezoning and/or a Comp Plan amendment to achieve a higher density if so desired by a well-qualified buyer.

With extensive frontage on the Legacy Trail, this is a great site for an active community of people who enjoy walking, biking and running. Currently, you can take the trail all the way southward into downtown Venice and soon, when construction is completed, you'll be able to bike all the way to downtown Sarasota.

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Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0165-09-0032, 0165-09-0030, 0165-16-0014, 0165-16-0006
Site Description: • Residential development site in Southwest Florida, minutes from the beautiful Gulf beaches of Casey Key • Located just off Laurel Road between I-75 & Tamiami Trail in Nokomis • Infill site located on the Legacy Trail, and among numerous brand-new residential communities • Close proximity to Publix, the new Sarasota Memorial Hospital, and Laurel Nokomis School
Area Description: Laurel Road has seen an explosion of new activity in recent years including newer Publix stores, at the west end at U.S. 41, and the east end towards I-75, as well as the new Sarasota Memorial Hospital - Venice Campus that is scheduled to open by the end of 2021. Additionally, several new upscale residential subdivisions have been developed including Toscana Isles, Willow Chase and Venetian to the east, and Taylor Morrison's new Bellacina project directly to the north. This property is very well located with quick and easy access to U.S. 41 (Tamiami Trail) to the west and I-75 to the east. This provides easy access to Sarasota, Bradenton & Tampa/St. Petersburg to the north, and Venice, Port Charlotte and Ft. Myers to the south. This development site has over 650 feet of frontage on the very popular Legacy Trail, a biking and walking trail that is part of the Rails to Trails program running from Venice to Sarasota. This is a great amenity for any residential project developed here, provided at no cost. Lastly, this property is located just down the street form the Laurel Nokomis School, a top rated and very popular K-8 combined elementary and middle school. Laurel Nokomis School is ranked in the top 10 percent of all elementary and middle combinations schools in the State of Florida.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,346 28,620 58,231
Median Age: 61.04 63.09 62.54
Households: 1,825 15,000 30,323
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