Catylist ID: #30322635
Sarasota (Lido Key) Waterfront Development Opportunity
Vacant Land for Sale
|Catylist Listing ID:||30322635|
|Property Subtypes:||Hospitality, Multi-Family, Vacation/Resort|
|Gross Land Area:||100,512 SF|
|Sale Price:||See Agent|
|Sale Terms:||Cash to Seller|
Overview / Comments
Rare Waterfront Development Opportunity!
2.3 beach-front acres directly on the Gulf of Mexico currently houses a 1950's style resort motel with a local historic designation. Ideally it would be re-developed as a luxury condominium tower or hotel.
This site is literally 3 minutes to internationally reknown St Armands Circle featuring a wide variety of restaurants and retail shops. Only 5 minutes to Downtown Sarasota. There is no formal asking price as the ownership group is seeking proposals.
The land is occupied by an existing resort motel consists of 43 individually-owned condominium units. The buyer will be responsible for re-zoning; all government and agency approvals ; removing the historic designation; and paying the brokerage commission.
Contact listing broker for further information including a property brochure.
|Nearest MSA:||North Port-Sarasota-Bradenton|
|Taxing Authority:||City of Sarasota|
|Zoning:||RMF4 (18 UNITS/ACRE)|
|Property Located Between:||Lido Beach and the Ritz Carlton Beach Residences|
|Legal Description:||PID 0000007350 and more fully described in the deed|
|Largest Nearby Street:||Across from McKinley Drive|
|Feet of Frontage:||187|
|Highway Access:||Drive West from St Armands Circle and then South on Ben Franklin Drive|
|Airports:||SRQ 20 minutes|
|Site Description:||Existing Condominium Resort Motel|
|Area Description:||Upscale Resort Condominiums and Homes for sale. Plus nearby (5 minutes) Hotels, shopping, dining and retail.|
|Easements Description:||Normal Utility|
|Available Utilities:||Electric, Water, Sewer, Storm Drain, Cable, Internet Access|
|Proximity:||1 mile||3 miles||5 miles|
Elliot S RoseCOLDWELL BANKER COMMERCIAL NRT MFCRE Member
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