Beneva Road Development Site

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30663898
Property Subtypes: Multi-Family, Residential (Single Family)
Status: Pending/Contingent
Gross Land Area: 1.40 Acres
Sale Price: $1,088,000
Unit Price: $777,142 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/4/2021

Overview / Comments

This prime site is one of the few remaining residential development sites directly on the Beneva Road corridor. Beneva Road is one of the major secondary north-south connecting corridors in Sarasota County with a traffic count of 28,000 AADT at this location. The site is 1.4 acres, zoned RMF4 - Residential, Multi-Family and entitled for 25 residential dwelling units or 101 ALF and/or Memory Care units.

This high visibility location has frontage directly on the Village Green Golf Course and sits in an area of other single family and multi-family communities that were developed around Village Green Golf Course and Forrest Lakes Golf Course. The property has rare, grandfathered zoning allowing for up to 18 units per acre, or for this site a maximum of 25 residential units. This zoning also permits a maximum height of up to 85 ft. This parcel of land would be an excellent opportunity for a small, high density, golf course condominium or apartment project, or a memory care facility. A convenient, highly visible, centralized location with good access to shopping, dining, I-75, the beaches and downtown Sarasota.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0059080001
Zoning: RMF-4 RESIDENTIAL MULTI-FAMILY
Property Located Between: On Beneva Between Bee Ridge and Webber
Property Visibility: Excellent
Largest Nearby Street: Bee Ridge
Traffic/Vehicle Count: 28,000
Area Description: Located directly on Beneva Road between Bee Ridge and Webber. The area is well established and densely populated, this is one of the few remaining development sites in the area. The site is at the hard corner of Beneva Road and Village Green Drive and abutts the Village Green Golf Course to the west. Publix, Walmart Market, and Walgreens are within half mile of the site.
Zoning Description: RMF-4 Residential Multi-Family, also allows for ALF & Memory Care Site allows for 25 Residential or 101 ALF/Memory Care Units
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,719 103,948 176,473
Median Age: 47.05 46.87 48.37
Households: 6,004 47,515 80,775

Contact

Photograph of Listing Agent

Bob Morris, Jr

SVN COMMERCIAL ADVISORY GROUP
MFCRE Member
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