Sarasota Gated - 30 Unit Residential Development Site

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 28816738
Property Subtypes: Multi-Family, Residential (Single Family)
Status: Pending/Contingent
Gross Land Area: 3.13 Acres
Sale Price: $1,150,000
Unit Price: $367,412 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/3/2021

Overview / Comments

SELLER SAYS BRING ANY OFFER - UNBELIEVABLE PRICE REDUCTION - The Oaks Preserve Phase IV - Located behind the gates of the prestigious Oaks, this 3.12 acre development site was acquired through foreclosure. The site is entitled for 30 single family residential units. The zoning allows for up to four stories and great flexibility in the type of home product including single family detached and/or semi-attached residences, townhouses, or condominiums.

Universal Engineering Sciences completed a "Preliminary Geotechnical Exploration" and a "Phase I Environmental Site Assessment" in August 2015.

The Site is located in South Sarasota County about one mile south of Westfield Sarasota Square Mall on South Tamiami Trail/U.S. 41 South.

• Site is entitled for 30 residential units and can build to four stories
• Housing types permitted include single family detached, town house, villa, multifamily or coach house.
• Located behind the gates to the Oaks Preserve
• Clean Environmental Phase I Dated August 2015
• Favorable Geotechnical Report Dated August 2015
• FL Fish & Wildlife Letter stating site is "negative" (non-existent) for Scrub Jays Dated April 2016

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0133030006
Zoning: RSF-1/PUD
Area Description: Located behind the gates of the prestigious Oaks in south Sarasota County - Located about one mile south of Westfield Sarasota Square Mall on South Tamiami Trail/U.S. 41 South.
Development Name: The Oaks Preserve - Phase IV

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,684 30,771 77,311
Median Age: 62.91 60.71 56.63
Households: 2,553 15,961 38,418


Photograph of Listing Agent

Bob Morris, Jr

MFCRE Member
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