20 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: |
$800,000 |
| Unit Price: |
$322,580 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/22/2023 |
Overview / Comments
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Potential 20 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.
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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 |
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 |
|
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