SW Florida 1.25 +/- Acre Hard Corner Retail Development Site

Vacant Land for Sale
Catylist Listing ID: 30844278
Property Subtypes: Agricultural, Retail
Gross Land Area: 1.25 Acres
Sale Price: $690,000
Unit Price: $552,000 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/13/2023

Overview / Comments

1.25 +/- Acre hard corner lot in North Manatee County ready for commercial retail development in the rapidly-growing Palmetto-Ellenton area. The site sits at the Southeast corner of Mendoza Road and Ellenton Gillette Road, and is positioned between Interstate-75, US-41 and Interstate-275. Currently a 4-way stop, this busy intersection is destined for a traffic light in the future.

This is one of the fastest growing areas of Manatee County with over 23,000 residential units approved or under construction in the North River submarket.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 750910051
Property Visibility: Good
Largest Nearby Street: US 301
Feet of Frontage: 221
Traffic/Vehicle Count: 17,000
Highway Access: Interstate 75 and US 301
Airports: Sarasota- Bradenton international Airport
Area Description: The subject property is located in northern Manatee County, a midsized county on the West Coast of Florida. The property, located on Mendoza Road (36th Avenue East), is less than 2.3 miles from US-41 to the west and 1 mile to Interstate 75 to the east. It is also 1.6 miles to Interstate 275. The property is a short 25 minute drive to downtown St. Petersburg, 30 minutes to downtown Sarasota and 40 minutes to Tampa. Due to its central location to all of these larger cities, this area of Palmetto is a great bedroom community, with significant residential demand. The North River market has seen significant residential and commercial development over the past 5+ years, including 23,000+ residential units approved or under construction and numerous other commercial/retail projects. Large employers including Port Manatee, The Ellenton Premium Outlets, Feld Entertainment, Sysco and ItWorks! are all located north of the Manatee River.
Lot Frontage: 221
Lot Depth: 368
Zoning Description: A-1 Suburban Agricultural

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,041 39,574 107,501
Median Age: 45.76 43.96 42.26
Households: 909 16,084 42,812
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