Grande Oaks Condo/Townhome Project by UTC Mall

Vacant Land for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30344460
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 3 - 3.10 Acres
Sale Price: $2,950,000
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/10/2018

Overview / Comments

PROPERTY OVERVIEW

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.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Submarket/Township: University Parkway - Fruitville
Tax ID/APN: 0017010001
Zoning: RSF3 - RESIDENTIAL, SINGLE FAMILY
Property Located Between: Desoto & Honore

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,371 59,226 148,899
Median Age: 52.04 50.88 47.37
Households: 2,795 27,765 65,612

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