Multifamily Site

Vacant Land for Sale
Catylist Listing ID: 30421623
Property Subtypes: Multi-Family
Gross Land Area: 283,698 SF
Sale Price: $1,950,000
Unit Price: $6.87 PSF
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/26/2021

Overview / Comments

Recently rezoned to RMF-3 that allows up to 13 units per acre. Can build up to 96 units by incorporating units less than 750 SF. The sale has purchase stipulations that do not allow the buyer to be a Multifamily Low-Income Housing Tax Credit Developer or its affiliates and require a closing to be within 90 days months from the offer date. Contact Broker for more details.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0461040015
Zoning: RMF-3
Property Located Between: Venice and Engewood
Property Visibility: Excellent
Legal Description: COM AT W 1/4 COR OF SEC 34-39-19 TH N 03-42-06 E 43.07 FT TH S 89-48-37 E 257.48 FT FOR POB TH S 89-48-37 E 377.78 FT TH S 86-20-37 E 58.70 FT TH N 03-41-49 E 3.63 FT TH S 89-52-57 E 145.38 FT TH E
Largest Nearby Street: Jacaranda Blvd and SR 776
Feet of Frontage: 849
Airports: Sarasota Bradenton International
Site Description: Raw land with some trees.
Area Description: Primarily residential area with office, retail and senior assisted living in the immediate surrounding area.
Lot Frontage: 849
Lot Depth: 595
Zoning Description: Office, Professional and Institutional that also permits Assisted Living Senior Living.
Topography: Level
Soil Type: Mixed
Available Utilities: Electric, Water, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,493 34,582 70,389
Median Age: 48.53 57.5 61.02
Households: 2,956 16,962 35,850
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