Residential Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30642481
Property Subtypes: Residential (Single Family)
Gross Land Area: 17.56 Acres
Sale Price: $915,000
Unit Price: $52,107 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/15/2023

Overview / Comments

The subject property is a total of 764,913 square feet. This 17.56-acre parcel is located in the growing city of North Port, FL. The parcel sits directly on E Hillsborough Blvd. The property is zoned Residential, Single Family (RSF2). The property has water frontage on the creek. The zoning allows for 3.5 homes per acres, or a total of 61 home sites.

The Property is located near the busy corridor of I-75 & Toledo Blade Blvd and busy Tamiami Trail. The surrounding area has seen a significant amount of new development including several new apartment buildings, office buildings, and retail space. The continued development of residential single-family homes to the east and north of the subject site, will increase the value of the site.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Public Records
Tax ID/APN: 1142-25-7537
Zoning: RSF2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 982 36,858 92,880
Median Age: 39.26 44.39 45.9
Households: 371 15,303 38,526


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