Rosemary District Acre

Vacant Land for Sale
Catylist Listing ID: 29999249
Property Subtypes: Multi-Family, Office, Retail, Other
Gross Land Area: 42,186 SF
Sale Price: $1,685,000
Unit Price: $39.94 PSF
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/26/2020

Overview / Comments

Multiple, contiguous parcels creating almost one full acre of land zoned DTNE within the Rosemary Residential Overlay District allowing increased residential density. See Ordinance language below.

Property available includes 4 Parcel ID numbers on 10th Street and the recently improved Florida Avenue.

Ordinance No. 20-5312. The Rosemary Residential Overlay District (Hereinafter RROD) so as to allow a maximum residential base density of forty (40) dwelling units per acre while providing that up to one hundred (100) residential dwelling units per acre may be achieved for residential development which incorporates dwelling units designated for households with an income at or below one hundred twenty percent (120%) of the Area Median Income for the North Port - Sarasota - Bradenton Metropolitan Statistical Area for a minimum of thirty (30) years; revising the text and table of attachment 1, the Future Land Use Classifications, Urban Edge, recognizing the possible RROD density levels and possible RROD height limitations; revising attachment 2, Future Land Use Map Series, to incorporate illustration LU-21 identifying the Rosemary Residential Overlay District geographic boundaries; repealing ordinances in conflict; providing for severability of the parts hereof, etc.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 2026-04-0011; 2026-04-0010; 2026-04-0009; 2026-04-0008
Zoning: DTE
Property Located Between: Cocoanut Ave. & Florida Ave.
Property Visibility: Excellent
Largest Nearby Street: 10th Street
Feet of Frontage: 115
Airports: Sarasota/Bradenton Airport
Site Description: Empty Lot
Lot Frontage: 413
Zoning Description: Current Zoning under the RROD is DTNE. The Downtown Neighborhood Edge (DTNE) district is a mixed-use transition area typically located along the interface between residential and nonresidential neighborhoods. The desired character includes building close to and oriented towards the sidewalk especially at street corners. Development is intended to be pedestrian oriented. Residential dwellings may be single-family or multiple-family and may include mixed-use structures that provide for live-work opportunities. Residential dwellings may be built to a maximum density of 18 dwelling units per acre. A variety of nonresidential uses that contribute to the residential attributes of the adjacent residential neighborhood are allowed. Building heights shall be limited to a maximum of three stories. Building frontages include stoops, forecourts and storefronts. See RROD details in Overview/Description.
In Flood Plain?: Yes
Topography: Level
Soil Type: Sandy
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: 13,198 72,521 157,841
Median Age: 42.1 45.06 48.25
Households: 5,659 32,281 72,368


Photograph of Listing Agent

David Jennings

MFCRE Member
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