Fruitville Rd Development Parcel For Sale

Vacant Land for Sale
Catylist Listing ID: 30517757
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 151,153 SF
Sale Price: $1,800,000
Unit Price: $11.91 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/9/2020

Overview / Comments

This is a great opportunity to acquire 3.5 acres on Fruitville Road, the gateway to downtown Sarasota and the gorgeous Gulf beaches! Detailed exciting plans are available for development of this property located in a fabulous location.

RMF3 zoning allows for 13 units per acre. A new affordable living project for the community has been envisioned with modern, bright units 750SF each units designed for convenient living:
* Covered parking at the front door
* Modern 1br/1ba spacious units
* 8x12 screen porch
* Pet parks
* Option of elevator and carports each building
* Adjacent SCAT service with new demand options
* Delivery box area
* Walk to restaurants
* Honore retails just 1/2 mile away.

Traffic count towards I-75 is over 50,000 cars daily and will increase with the expansion south and east of Waterside, Lakewood Ranch's newest village.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0045020010
Property Visibility: Excellent
Legal Description: BEG AT INT OF W LINE OF BLK A & S R/W OF FRUITVILLE RD SR 780 TH N-89-40-54-E ALG SAID S R/W 167 FT FOR POB TH N-89-40-54-E ALG SAID S R/W 282 FT TH S-0-41- 01-E 538.75 FT TH S-89-26-49-W
Largest Nearby Street: Fruitville Rd
Traffic/Vehicle Count: 49,500
Highway Access: Interstate 75 Hwy-301
Airports: Sarasota/Manatee Airport
Site Description: On the corner of a major intersection: Hwy 301 and University Parkway. Great visibility and potential!
Area Description: Perfect location for residential development. Zoning is RMF3/Residential, Multi-family (13 units per acre). Further plans, diagrams, reports are available to view and discuss.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,850 83,473 186,077
Median Age: 43.18 46.01 47.47
Households: 4,687 37,023 83,270


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