Catylist ID:
#30826271
Mixed Use Development Site- Adjacent to Warm Mineral Springs
Vacant Land
for Sale
| Catylist Listing ID: | 30826271 |
| Property Subtypes: | Hospitality, Multi-Family, Office, Retail, Vacation/Resort, Other |
| Gross Land Area: | 18 Acres |
| Sale Price: | $440,000 - 6,750,000 |
| Unit Price: | $24,444 - 375,000 Per Acre |
| In Opportunity Zone? | Yes |
| Land Splits Available: | Yes |
| Adjacent Parcels Available: | Yes |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/15/2023 |
Overview / Comments
|
North Port, one of Florida's fastest-growing cities, is located in Sarasota County on Florida's Gulf Coast, midway between Tampa and Fort Myers. This vibrant community has the services and features that make it a desirable location for new business, industrial, and office development, as well as high-quality city living. Quality public schools, amazing parks and leisure facilities, gorgeous golf courses, and a state-of-the-art performing arts center are among the local community amenities. Within 45 to 90 minutes of Fort Myers to the South and Tampa to the North, three international and three municipal airports are available for air travel. Local seaports (Port Manatee and Port of Tampa) can connect products and materials to customers. From a Multi Family Standpoint, North Port has enjoyed an exceptional stretch of rent growth over a longer time frame. Apartment rents today are 89.2% higher than they were 10 years ago. That beats the already impressive trend in the metro, where rents have cumulatively increased by 80.9% over the past decade. Warm Mineral Springs A natural SPA and magnet for wellness tourism The healing waters of the warm mineral springs stay a consistent average temperature of 85 degrees year-round and is rumored to have one of the highest mineral contents of any natural spring in the United States. Taking advantage of developing the touristic destination around the Warm Mineral Springs will give the opportunity to the developer to be a market creator and might lead to other unique opportunities |
Attachments & Media
Additional Details
| Nearest MSA: | North Port-Sarasota-Bradenton |
| County: | Sarasota |
| Taxing Authority: | Sarasota County |
| Tax ID/APN: | 0769070014 |
| Zoning: | ACTIVITY CENTER 7A, MULTI-USE DEVELOPMENT(CITY OF NORTH PORT). |
| Property Located Between: | Cross Street Ortiz Blvd & Trionfo Avenue |
| Property Visibility: | Good |
| Legal Description: | An Assemblage of 26 PIDs |
| Largest Nearby Street: | US41 |
| Feet of Frontage: | 2,139 |
| Highway Access: | US41 |
| Airports: | SRQ Airport |
| Site Description: | This offering consists of a total of 18± acres and is made up of four separate parcel groups containing several parcel ID's, which may be acquired individually, or as a package. The Development Master Plan (DMP) allows these properties to develop 145,000 square feet as Commercial/Retail/Hotel, 124,000 square feet as Medical/Office/Institutional, and up to 78 multifamily dwelling units. The property is within a Qualified Opportunity Zone. Proposed uses include apartment units (standard or senior), commercial, health care, hospital, hospitality, medical, mixed-use, multifamily, office, or retail. (Entitlements may allow for flexibility to accommodate a variety of visions). |
| Area Description: | North Port, one of Florida's fastest-growing cities, is located in Sarasota County on Florida's Gulf Coast, midway between Tampa and Fort Myers. This vibrant community has the services and features that make it a desirable location for new business, industrial, and office development, as well as high-quality city living. Quality public schools, amazing parks and leisure facilities, gorgeous golf courses, and a state-of-the-art performing arts center are among the local community amenities. Within 45 to 90 minutes of Fort Myers to the South and Tampa to the North, three international and three municipal airports are available for air travel. Local seaports (Port Manatee and Port of Tampa) can connect products and materials to customers. From a Multi Family Standpoint, North Port has enjoyed an exceptional stretch of rent growth over a longer time frame. Apartment rents today are 89.2% higher than they were 10 years ago. That beats the already impressive trend in the metro, where rents have cumulatively increased by 80.9% over the past decade. |
| Lot Frontage: | 2139 |
| Lot Depth: | 1674 |
| Zoning Description: | Multi-use development with proposed uses for this land include apartment units (standard or senior), and commercial use including health care, hospital, hospitality, medical, mixed-use, multifamily, office, or retail |
| Development Name: | Warm Mineral Springs |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 5,755 | 24,487 | 46,924 |
| Median Age: | 49.53 | 51.98 | 48.62 |
| Households: | 2,652 | 11,322 | 20,123 |
Contact
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