Catylist ID:
#30851599
12.56 AC Development Opportunity with New BP Zoning in Place
Vacant Land
for Sale
| Catylist Listing ID: | 30851599 |
| Property Subtypes: | Industrial, Office |
| Gross Land Area: | 12.56 Acres |
| Sale Price: | $10,398,000 |
| Unit Price: | $827,866 Per Acre |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/6/2023 |
Overview / Comments
|
Excellent development opportunity in the Fruitville Rd corridor with the First Property to be granted the brand new BUSINESS PARK zoning designation (Approved by Sarasota County Commission July 2023)! According to the Sarasota County Code of Ordinances, "The Business Park (BP) District provides for office, research and development, light industrial/flex office space, manufacturing and processing, indoor storage and warehousing, wholesaling, distribution uses, and flex spaces which may combine the aforementioned uses with limited office and/or retail functions." The non-binding Concept Plan, included with the approved Rezoning Application, includes 108,000 SF of Industrial Service/Flex Office Space in 10 buildings. This 12.56 Acre site is located just east of the I-75 / Fruitville Rd interchange with Fruitville Road frontage and access. The West-Bound lanes of Fruitville Rd include a Left-Hand turn lane directly into the site. Great location on a major East-West corridor for Sarasota County poised for infill development. This site presents a great development opportunity for an investor or user. * Property visits by Appointment Only * |
Attachments & Media
Additional Details
| Nearest MSA: | North Port-Sarasota-Bradenton |
| County: | Sarasota |
| Taxing Authority: | Sarasota County |
| Tax ID/APN: | 0219002160; 0219002182 |
| Zoning: | "BP" BUSINESS PARK - SARASOTA COUNTY |
| Property Visibility: | Excellent |
| Feet of Frontage: | 513 |
| Lot Frontage: | 513 |
| Lot Depth: | 1285 |
| Zoning Description: | As taken from the Sarasota County Code of Ordinances "BP" BUSINESS PARK.a.Districts, Intent.1. The Business Park (BP) District provides for office, research and development, light industrial/flex office space, manufacturing and processing, indoor storage and warehousing, wholesaling, distribution uses, and flex spaces which may combine the aforementioned uses with limited office and/or retail functions. The district is intended to provide employment opportunities in developments where there is integration of building architecture, landscaping, and infrastructure. The BP District is not commercial in nature or character but certain limited commercial and service uses relating to the character of the district and supporting its activities and employees are permitted. Heavy industry and residential uses are not allowed in the Business Park District. 2.The BP District is generally used to implement the Comprehensive Plan within those areas of the County shown as Major Employment Center (MEC) on the Future Land Use Map and Business Park Corridor on the Sarasota 2050 RMA (Resource Management Area) Map. |
| Development Name: | Fruitville Business Center |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 19,884 | 91,374 |
| Median Age: | 44 | 48.44 |
| Households: | 7,957 | 39,675 |
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