Catylist ID: #30344460
Grande Oaks Condo/Townhome Project by UTC Mall
Vacant Land for SaleAlso listed as Business Opportunity
|Catylist Listing ID:||30344460|
|Property Subtypes:||Multi-Family, Residential (Single Family), Other|
|Gross Land Area:||3 - 3.10 Acres|
|Sale Terms:||Cash to Seller, Other|
Overview / Comments
Unique opportunity to develop five residential condo buildings in the Grande Oaks Preserve, a 30 acre gated community with majestic 100 year old oak trees, three small lakes, lighted tennis courts with viewing stands, pool and clubhouse in the University Parkway area of Sarasota. Unlike other land opportunities, Grande Oak allows for vertical construction immediately. All amenities, roads, utilities and site work is complete. Approvals, architectural drawings and marketing are ready for a new developer to step in and start construction while the market is active. The cost savings compared to acquiring raw, undeveloped land are significant.
Presently, 60 units (five buildings) were developed and sold in the mid-2000’s. The property is fully-gated and 18 of its 30 total acres have been set aside as a nature preserve; giving Grand Oaks a tranquil, nature feel. All units overlook a nature preserve or the large, fountained lake on the property. The 2BR and 3BR
completed units (averaging ~2,300 sf) were built to condo-quality with high ceilings and all typical finishes.
A developer/builder would have an opportunity to choose between approved
townhouse style units or classic condominium units.
The area features first class golf courses, medical facilities, world renowned
beaches, fine dining and shopping. Minutes from major retailers, the Mall at
University Town Center, Lakewood Ranch and I-75, the Grande Oaks Preserve
offers the best of Sarasota at your fingertips and secluded nature preserve trails
for hiking, biking and serenity.
|Nearest MSA:||North Port-Sarasota-Bradenton|
|Submarket/Township:||University Parkway - Fruitville|
|Zoning:||RSF3 - RESIDENTIAL, SINGLE FAMILY|
|Property Located Between:||Desoto & Honore|
|Proximity:||1 mile||3 miles||5 miles|
Sean A DrezninKELLER WILLIAMS REALTY SELECT MFCRE Member
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