Fully Entitled Apartment Development
Vacant Land
for Sale
| Catylist Listing ID: |
30216802 |
| Property Subtypes: |
Multi-Family
|
| Gross Land Area: |
5.40 Acres
|
| Sale Price: |
$1,800,000 |
| Unit Price: |
$333,333 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/9/2020 |
Overview / Comments
|
Unique opportunity to purchase fully entitled land for affordable housing development. Affordable housing in Sarasota is in high demand. Plans include three 3 story buildings totaling 37,200 SF with 70 units total. Unit mix includes 18 one bedroom units and 52 multi-bedroom units. Proposed playground on site. Located within walking distance to Booker Middle School.
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Additional Details
| Nearest MSA: |
North Port-Sarasota-Bradenton |
| County: |
Sarasota |
| Tax ID/APN: |
0028040001 |
| Zoning: |
RMF3 |
| Property Located Between: |
N Washington Blvd & N Tuttle Ave |
| Property Visibility: |
Good |
| Largest Nearby Street: |
Myrtle Ave |
| Area Description: |
Located within walking distance to Booker Middle School and about a quarter-mile from US-301 in Sarasota, FL.
A city by the Gulf of Mexico with arts, dining, nightlife and more. The city of Sarasota is a scene of eateries, theaters, shopping boutiques and artist enclaves. Running through the heart of downtown is Main Street, and branching off this main drag are colorfully named streets such as Pineapple, Orange, Lemon and Palm. More shops and colorful bungalows turned into bakeries, galleries, salons and yoga studios surround central downtown and are divided into five districts: Burns Court, Towles Court, Rosemary District, Historic Palm Avenue and Gillespie Park. Even more is waiting to be discovered at Bayfront Park, Southside Village and other nearby locales. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,962 |
73,707 |
180,303 |
| Median Age: |
39.07 |
44.43 |
46.93 |
| Households: |
3,065 |
32,526 |
80,528 |
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