22 Unit Apartment Development on University Pkwy

Vacant Land for Sale
Catylist Listing ID: 30718279
Property Subtypes: Multi-Family
Gross Land Area: 2.48 Acres
Sale Price: $704,000
Unit Price: $283,870 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/28/2021

Overview / Comments

Potential 22 unit apartment development project within City of Sarasota limits. Parcel is 2.48 ac+/- with zoning allowing 9 units per acre. Jurisdictional Determination completed on Wetlands , Boundary ,Topo & Tree Survey including Tree Study available. Sample site plan available with one 2-story building and two single story buildings. Located on the corner of Old Bradenton Rd and University Pkwy, this parcel is within walking distance to the airport, with Ringling Museum, Ringling College of Art, and New College nearby. Just minutes from Downtown Sarasota and Lakewood Ranch.

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2001010001
Zoning: RMF2
Property Visibility: Excellent
Legal Description: COM AT NE COR OF SE 1/4 OF SEC 1-36-17 TH W 30 FT TH S 40 FT FOR POB TH CONT S ALONG W R/W OF OLD BRADENTON RD A DISTANCE OF 348.3 FT TH ON AN ANGLE OF 89-55 TO RIGHT A DISTANCE OF 310 FT TH N & PARALLEL TO OLD BRADENTON RD A DISTANCE OF 348 FT TO S LINE OF DESOTO RD TH E 310 FT TO POB LESS STATE RD R/W IN OR 416/264, LESS R/W FOR DESOTO RD & BRADENTON RD DESC IN OR 2158/1987, OR 2465/1721 & ORI 2006042491, SUBJ TO 791 SF BUS SHELTER & SIDEWALK ESMT TO CITY OF SARASOTA AS DESC IN ORI 2013045205, BEING SAME LANDS AS DESC IN ORI 2021009063
Largest Nearby Street: University Parkway
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,138 62,984 170,358
Median Age: 44.06 43.85 46.98
Households: 2,357 27,039 76,094

Contact

Photograph of Listing Agent

Brett Kaplan

OPTIMUS CREIA MFCRE Member
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