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: |
9/29/2021 |
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 |
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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