19.51 Acres of Multi-family Land in the City of Venice

Vacant Land for Sale
Catylist Listing ID: 30392710
Property Subtypes: Multi-Family
Gross Land Area: 19.51 Acres
Sale Price: $7,500,000
Unit Price: $384,418 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/13/2019

Overview / Comments

19.5 acres of RMF-3 zoned land newly annexed into the City of Venice! Up to 13 units per acre (253 units). Just around the corner from Bird Bay Plaza and Venice Island for shopping and dining! 1.25 miles from Venice Island, 2.25 miles to Venice Beach, 2.5 miles from the new Sarasota Memorial Hospital location and 4.25 miles from the new Venice Regional Hospital location. This parcel has been owned by the same family since the 1930's. This is a truly incredible location that is rarely available.

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Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0404120001, 0404120002, 0404050002
Zoning: RMF-3
Property Located Between: US-41 and Laurel Road
Property Visibility: Excellent
Legal Description: LONG LEGAL PID#S 0404-12-0001, 0404-12-0002, 0404-05-0002
Largest Nearby Street: Albee Farm Road
Feet of Frontage: 661
Highway Access: I-75, US-41, Honore Road
Airports: Venice Regional Airport, Sarasota Bradenton International, Punta Gorda Airport
Lot Frontage: 661
Lot Depth: 1272
Zoning Description: RMF-3, Residential Multi-Family
Topography: Level
Easements: Electric Lines, Utilities
Easements Description: Utility Easement
Soil Type: Sandy
Available Utilities: Electric, Water, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,245 38,734 66,655
Median Age: 66.24 64.24 60.9
Households: 3,894 20,949 34,238

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