Ellenton Outlets Retail Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30380740
Property Subtypes: Office, Retail
Gross Land Area: 7.80 Acres
Sale Price: $5,950,000
Unit Price: $762,820 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/13/2019

Overview / Comments

The 7.8+/- acre site has been approved for up to a 50,000 SF movie theater, 330-room hotel and 120,000 SF of commercial uses. There is strong demand from residents and support from County Commissioners for a movie theater or other entertainment related concept on the property. This property could also be developed for a big-box outlet store, as the existing outlet mall has very few larger spaces available.

The next door Ellenton Outlet Mall draws over 4 million visitors annually and is one of the biggest shopping destinations in the region. The property is also located next to the Ellenton Ice and Sports Complex, which has two rinks and hosts hockey tournaments and figure skating events.

Manatee County continues to be one of the fastest growing regions in the country and much of this growth is along the US-301 corridor in Ellenton and Parrish. The significant amount new home construction to the east of this site has increased demand for retail, restaurants and entertainment options in this area.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 812701009
Zoning: PLANNED DEVELOPMENT-MIXED USE (PD-MU)
Area Description: The property is located at the entrance to the Ellenton Premium Outlets. The 7.8+/- acre site is located just off US-301 and Interstate 75. The Ellenton Outlet Mall is the single biggest shopping destination in the area and attracts over 4 million visitors annually. There is over 375,000 square feet of additional retail in the immediate vicinity that draws shoppers from Tampa, Sarasota and Bradenton.
Zoning Description: Site approved for up to a 50,000 SF movie theater, 330-room hotel and 120,000 SF of commercial uses.
Part of Planned Development?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,216 45,956 116,203
Median Age: 51.43 43.62 41.68
Households: 2,551 19,036 46,052
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