Ellenton Retail Development Site

Vacant Land for Sale
Catylist Listing ID: 30343892
Property Subtypes: Office, Retail
Gross Land Area: 4.60 Acres
Sale Price: $3,500,000
Unit Price: $760,869 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/10/2018

Overview / Comments

This 4.6+/- acre development site with over 600' of U.S. 301 road frontage is very well located in an area with shortages of restaurant and neighborhood retail uses. The Ellenton/Parrish market is seeing significant residential development and new road planning, and retail centers are needed to serve the existing residents and the many new homes planned.

Recently completed and planned area projects include the new Ft. Hamer bridge connecting the Parish area directly to Lakewood Ranch, the planned Ft. Hamer extension (Parish Bypass) which will connect U.S. 301 up to Moccasin Wallow Road, a new east county high school under construction and a new State College of Florida campus under development nearby.

There is high-demand for restaurants and shopping in this area to accompany over 23,000 homes that have been approved for the Parrish area.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 831700109
Zoning: PLANNED DEVELOPMENT-COMMERCIAL (PD-C)
Property Visibility: Excellent
Feet of Frontage: 620
Traffic/Vehicle Count: 40,000
Highway Access: Interstate 75: 1 mile West
Area Description: This property is located just east of the Amsterdam Avenue/Victory Road traffic light, and less than one mile from Interstate 75, on the hot US-301 corridor! There is a significant amount of residential development going on to the East of this site in Ellenton and Parrish and a significant amount of retail between this site and I-75. Over 40,000 vehicles per day pass this site!
Part of Planned Development?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,897 43,558 96,979
Median Age: 69.87 44.68 41.16
Households: 2,346 18,352 37,292
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