Catylist ID:
#30647546
Development Opportunity on Tamiami Trail
Vacant Land
for Sale
| Catylist Listing ID: | 30647546 |
| Property Subtypes: | Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Vacation/Resort, Other |
| Gross Land Area: | 63,000 SF |
| Sale Price: | $1,595,000 |
| Unit Price: | $25.32 PSF |
| Sale Terms: | Undisclosed, Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 7/29/2021 |
Overview / Comments
|
American Property Group of Sarasota, Inc is proud to present, 4925-5025 N Tamiami Trail, Sarasota, FL 34234: Type: Vacant Land Size: 64,359 SF Zoning: NT Highlights: +/-63,000 SF lot zoned NT with a brand-new NT Overlay District giving more density. These contiguous properties include the corner lot and runs street to street from US 41 to Remington Street with about 400’ of highway frontage. Located just south of University Parkway between the Bradenton and Sarasota markets and minutes to Sarasota International Airport and is minutes to colleges, Universities, downtown Sarasota, hotels, the beaches, and shopping. Zoned for apartments, condominiums, homes, offices, up to a 70-room hotel, retail, or a combination of each (see zoning code link). See the attached renderings on what can be built on the property. Hoyt Architects created two concepts to what could maximize the property per the zoning code (see architectural examples attached) . One is for 50 condominiums/apartments of various sized units and one is a new concept that creates dormitory living for 120 bedrooms, each with its own full bathroom and a common living room and kitchen, which can be extremely profitable. This quasi dormitory living concept is gaining a lot of attention in other areas of the country and is felt to be a win win for this area: https://www.geekwire.com/2018/quasi-dorms-adults-gain-popularity-affordable-option-booming-cities/ Visit us online at www.AmericanPropertyGroup.com to see all our listings or call (941)923-0535 at your convenience. |
Attachments & Media
Additional Details
| Nearest MSA: | North Port-Bradenton-Sarasota |
| County: | Sarasota |
| Tax ID/APN: | 2001-11-0012 |
| Zoning: | NT - NORTH TRAIL |
| Market Type: | Large |
| Side of Street: | West |
| Property Visibility: | Excellent |
| Legal Description: | LOTS 1 2 3 & PART OF LOT 31 LYING N OF N LINE OF LOT 4 EXTND W TO REMINGTON DR & ALL THAT PART OF VACATED ALLEY LYING WITHIN ABO |
| Largest Nearby Street: | North Tamiami Trail |
| Feet of Frontage: | 400 |
| Traffic/Vehicle Count: | 45,000 |
| Transportation: | Bus, Shuttle, Highway, Airport, Taxi, Other |
| Highway Access: | Minutes from I75 |
| Airports: | Directly across the street from SRQ Airport |
| Site Description: | CORNER OF US 41 (NORTH TAMIAMI TRAIL) AND REMINGTON ST. |
| Lot Frontage: | 400 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 6,179 | 50,866 | 154,715 |
| Median Age: | 33.66 | 44.38 | 46.58 |
| Households: | 2,320 | 21,960 | 68,868 |
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